Mashreq attains ‘market leader’ position in UAE

The award is the latest recognition in a chain of successes for Mashreq


Mashreq Bank, a leading financial institution in the UAE, has achieved the “Market Leader” position in the UAE and second in the Middle East in the Euromoney Cash Management Survey 2020, the benchmark survey for the global cash management industry.

Mashreq was recognized for its dedication and investments into designing, deploying and operating future-ready and innovative digital technologies particularly in the cash management space. The bank has developed a wide array of cash management products and solutions that accelerate inflows, maximize liquidity, reduce credit risks, automate payments and strengthen reconciliation.

The 2020 Euromoney Cash Management Survey is the 19th annual survey from the leading providers of cash management products and services across the world. It is considered the benchmark survey for the global cash management industry and seen as the most comprehensive guide to the cash management arena in the market. Mashreq was very highly rated across most of the criteria, with special mentions of its work in the digital banking space.

Ahmed Abdelaal, Group CEO of Mashreq Bank said: “This award is a reflection of our leadership position in the banking arena as well as the hard work and commitment showcased by our teams in delivering quality and bespoke services to customers, especially in the cash management space, harnessing the power of technology. I would also express my sincere gratitude to all our customers who showed faith in our services and voted for us. Without them this recognition would not have been possible. We are honoured and humbled to receive this award from Euromoney.”

The award is the latest recognition in a chain of successes for Mashreq which this year alone has included two awards at Asia money Middle East’s Best Bank Awards, two from World Finance and the title of “Middle East’s Best Digital Bank” from Euro money’s own Regional Awards for Excellence. – TradeArabia News Service

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