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04 June, 2014

FGB named 'Best Bank in United Arab Emirates' and 'Best Wealth Management firm'

Dubai - FGB, one of the leading banks in the UAE, has won two 2014 Banker Middle East Industry Awards, including'Best Bank in United Arab Emirates', for the second year running, and 'Best Wealth Management Firm'. The awards were presented to bank executives at an awards ceremony at Emirates Towers Hotel in Dubai this week.

FGB named 'Best Bank in United Arab Emirates' and 'Best Wealth Management firm'
04 June 2014
Bank scoops two awards in the Banker Middle East Industry Awards 2014
Dubai - FGB, one of the leading banks in the UAE, has won two 2014 Banker Middle East Industry Awards, including'Best Bank in United Arab Emirates', for the second year running, and 'Best Wealth Management Firm'. The awards were presented to bank executives at an awards ceremony at Emirates Towers Hotel in Dubai this week.

Organised by CPI Financial, the Banker Middle East Industry Awards is one of the region's leading financial events. Awards were presented to banks and financial institutions in eight countries across the MENA region this year, following the analysis of published audited financial data, combined with apeer-vote process involvingregistered readers of the Banker Middle East, Islamic Business & Finance, Wealth Arabia and Finance ME, along with users of www.cpifinancial.net.

The event celebrates the best and brightest of the banking sector in the region, awarding winners which have outperformed their peers across a variety of important key performance indicators to achieve unrivalled growth and success in the last year. Facing stiff competition from over 200 institutions in the region, FGB has been recognisedas a pioneer and standard-setter in finance with these awards, which highlight the bank's outstanding financial performancethrough meeting the needs of its customers and consistently developing innovative, market-leading products and services.

AndréSayegh, CEO of FGB, said: "FGB has achieved much over the past year and these awards are testament to the bank's significant progress and success, as well as a true reflection of our brand and our commitment to 'Be First' anywhere and everywhere we operate. Our wealth management service is expanding all the time, with new gateways being established around the world for customers, most notably in Asia Pacific, following the recent launch of our Global Wealth Management service in Singapore. Across the bank, including our growing Treasury and Global Markets Group, Consumer Banking Group and Wholesale Banking Group, we will continueto develop and expand our products across geographies, markets, businesses and sectors, to provide FGB customers with services designed around their specific needs and objectives."

Adam Broom, CEO of CPI Financial, publisher of the Banker Middle East, said: "The Banker Middle East Industry Awards are designed to encourage, inspire, and reward distinction in the banking and finance industry, recognising top performers and raising standards throughout the MENA banking sector."

The news follows two award-wins for FGB in the 2014 Banker Middle East UAE Product Awards earlier this year, along with recognition for the bank at the 2014 MENA Insurance Awards ceremony in January, where FGB was named 'New Market Trailblazer of the Year'.

-Ends-

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About First Gulf Bank
As a major leading bank in the UAE, FGB (FGB) had Shareholder Equity of AED 29.6 billion as of March 31st, 2014 making it one of the largest equity based banks in the UAE. Established in 1979 and headquartered in the UAE capital, Abu Dhabi, 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 and Hong Kong 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 was named the 'Best Bank in the United Arab Emirates' and 'Best Wealth Management Firm' at the Banker Middle East Industry Awards 2014. It was also ranked as the 3rd most powerful company in the UAE and 6thleading bank in Forbes' 'Top 500 in the Arab World' list.

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 2014