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News Article

13 February 2013

ADCB to Receive Two Awards by Global Finance

Named ‘Best Bank in Payments and Collections’ in the Middle East region and ‘Best Bank in Trade Finance’ in the UAE

Abu Dhabi, 13 February 2013: Abu Dhabi Commercial Bank “ADCB” announced today that it has won two prominent awards by Global Finance Magazine. The awards ceremony will be conducted during the SIBOS conference – the world’s premier financial services event – which will take place in September 2013 in Dubai, UAE.

According to an exclusive survey to be released by the magazine in February 2013, ADCB has been named the ‘Best Bank in Payments and Collections’ in the Middle East region and the ‘Best Bank in Trade Finance’ in the UAE.

The survey evaluates banks based in 83 countries and regions, based on their transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies. In addition, the magazine has incorporated corporate readership in this year’s poll to increase the accuracy and reliability of results.

On the occasion, Colin Fraser, Head - Wholesale Banking Group, ADCB said: “Our team at ADCB is delighted to receive these accolades from Global Finance, which is a leading financial publication. Winning not one, but two prestigious awards highlights the success of ADCB’s long-term strategy to be a market leader in transaction banking services and our ability to compete with some of the world’s leading banks in this sphere.”

“ADCB has always sought to offer its customers the most innovative and reliable financial services, at the highest global standards. It is encouraging to see that our efforts are clearly paying off, and such recognition gives us a welcome push to continue excelling to our clients,” Colin concluded.

Richard Scholtz, Managing Director, Europe and Asia at Global Finance said: “This is the first time a regional bank rather than a global institution has won the ‘Best Bank in Payments and Collections’ award in the Middle East.”

Input from industry analysts, corporate executives, technology experts were taken into account when determining nominations for the categories included in the survey. The winner of the ‘Best Trade Finance Bank’ award globally will be announced in October 2013 issue of Global Finance Magazine.

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