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30 October 2013

ADCB awarded ‘Best Cash Management Bank in the UAE’ by Euromoney

Abu Dhabi, 30 October 2013: Abu Dhabi Commercial Bank (“ADCB”) has received the accolade of ‘Best Cash Management Bank in the UAE’ from Euromoney, the leading international finance magazine. The award recognised ADCB’s commitment to providing innovative financial solutions to its clients.

Commenting on the achievement, Isaac Thomas, Head - Cash Management at ADCB, stated, “By overcoming various challenges such as global macro-economic trends, higher customer expectations and accomplished competition from established banks, ADCB has established a standard in Cash Management that is the object of emulation in this market. This acknowledgement comes as a vote of confidence by our clients over our regional and global industry peers.”

To be placed first in the category of ‘Best Cash Management Award in the UAE’ is a great recognition of the Bank’s capability to provide customers with tailored cash management solutions, and compares well with its third place ranking in 2012. Mr. Thomas added, “We see this award not as the pinnacle of achievement, but as a harbinger of even greater things to come.”

ADCB also placed third in the category of ‘Best Cash Management Bank for the Middle East’ and was ranked as the ‘Best Regional Bank in the Middle East.’ These accolades acknowledge ADCB’s success and are evidence that despite an increasingly competitive landscape, the Bank has remained focussed on executing its core business strategy and maintaining the highest standards of trusted client advisory and solutions, as well as operation efficiency.

The Euromoney awards have been granted to ADCB based on customers feedback in a voting process carried out over two months earlier this year. The awards are truly meaningful to the Bank, particularly as it is common for UAE clients to bank with several major institutions for their transactional banking and cash management requirements

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