FGB named Best Bank in the UAE for third year in a row and Best Bank in the Middle East

01 June 2015Bank wins two awards at the 2015 Banker Middle East Industry Awards Dubai - FGB has been named Best Bank in the UAE for the third year running and Best Bank in the Middle East at the 2015 Banker Middle East Industry Awards. The awards were recently presented to bank representatives during an awards ceremony at the Emirates Towers Hotel in Dubai.Organised by CPI Financial, the Banker Mi

  
FGB named Best Bank in the UAE for third year in a row and Best Bank in the Middle East
01 June 2015
Bank wins two awards at the 2015 Banker Middle East Industry Awards
Dubai - FGB has been named Best Bank in the UAE for the third year running and Best Bank in the Middle East at the 2015 Banker Middle East Industry Awards. The awards were recently presented to bank representatives during an awards ceremony at the Emirates Towers Hotel in Dubai.

Organised by CPI Financial, the Banker Middle East Industry Awards recognise financial excellence throughout eight different countries in the region. Over 200 institutions from across the Middle East, including the UAE, Qatar, Saudi Arabia, Oman, Kuwait, Bahrain, Jordan and Lebanon were amongst this year's nominees. The awards cover a variety of financial services including retail, corporate, investment, private banking, asset management, fund management, finance companies and consultancy practices.

André Sayegh, CEO of FGB, said: "The past year has been a very exciting one for FGB and these awards are a reflection of the significant progress we've made towards achieving our strategic ambitions.We have continued to deliver a strong financial performance, enhanced our product and service capabilities, strengthened our global footprint and diversified our revenue sources. We are looking towards the future with optimism and we are very proud to see our customers making FGB their "First Choice", as we put them first."

The Banker Middle East Industry Awards are judged through a combination of published audited financial statements, along with apeer-vote process involving registered readers of the Banker Middle East, Islamic Business & Finance, Wealth Arabia and Finance ME, as well as users of www.cpifinancial.net.

Robin Amlôt, Chief Executive Officer of CPI Financial, publisher of the Banker Middle East, said: "For the third year in a row, FGB has been named the Best Bank in the UAE and, for the first time, Best Bank overall in the analysis carried out to create the BME 100, our annual ranking of the top-performing financial institutions in the Middle East."

He continued: "Our research based on financial institutions' own published, audited results demonstrates clearly which banks are outperforming their peers and provides clear and unarguable proof of the healthy growth and overall improving performance of the industry."

The BME 100 is calculated using banks' own published financial metrics. Statistics compiled for this exclusive listing of the top 100 banks in the Middle East, show the region's leading banks controlled assets totalling USD 1.987 trillion at end-2014, up from USD 1.8 trillion in 2013. Together the top 100 banks made aggregate net profits of USD 34 billion in 2013, rising 21% on the previous year (USD 28 billion). 

-Ends- 

About FGB
As a major leading Bank in the UAE, FGB had Shareholder Equity of AED 31.6 Billion as of March 31st, 2015 making it one of the largest equity based Banks in the UAE. Established in 1979 and headquartered in Abu Dhabi, UAE, the Bank offers a full range of financial services to business and consumer sectors throughout an extensive network of branches across the UAE. Internationally, FGB has branches in Singapore and Qatar, representative offices in India, Hong Kong, Seoul and London and a subsidiary in Libya.

Today, FGB is recognised as a world-class organisation committed to maximising value for shareholders, customers and employees as it focuses on delivering banking products and services that meet client needs and support the UAE's dynamic economy. In line with its commitment to excellence the Bank continues to invest significantly in people and technology to provide superior service standards.

FGB received double honours from industry publication Cash Management Matters (CMM) for 'Best Bank Award for Trade Finance and Corporate Banking', in addition to obtaining benchmark status in the CMM Trade Finance Tajara Monitors 2014. The bank was also recognised as the "Most Innovative Service Provider" at the 2015 MENA IR Insurance Awards and received seven 2015 Banker Middle East UAE Product Awards: 'Best Call Centre', 'Best Credit Card', 'Best Personal Loan', 'Best Wealth Management Service/Proposition,' 'Best Offshore Wealth Proposition', 'Best Deposit Account Product' and the 'Best Bancassurance Product' award for the second year in a row. FGB has also recently won two Interactive Media Awards for its My FGB Card and FGB Wealth websites. The bank won awards in the 'Best in Class' and 'Outstanding Achievement' banking categories, respectively.

For more information about FGB, visit the website at: www.fgb.ae

Take a look at FGB's social media profiles using the following links:

Facebook: ​FGB

Twitter:@FGBConnect

Instagram:FGBConnect

YouTube: The FGB Channel

Linkedin: FGB 

For media inquiries, please contact:
Ghaleb Zeidan                                                    
Weber Shandwick MENA                                                 
Phone: + 971 50 778 2286                                                          
Fax: + 971 2 449 4833                                                    
Email: GZeidan@webershandwick.com                       

Jennifer Cain
Weber Shandwick MENA
Phone: + 971 55 4741105
Fax: + 971 2 449 4833
Email: JCain@webershandwick.com 

Hiba Haddad
Weber Shandwick MENA
Phone: + 971 56 1679577
Fax: + 971 2 449 4833
Email: hhaddad@webershandwick.com

© Press Release 2015


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