11 April 2016

ADCB wins two awards; Asian Banker CEO Leadership Achievement Award for the UAE and Best Managed Bank in the UAE

Asian Banker CEO Award

Abu Dhabi, 30 May 2016 - Abu Dhabi Commercial Bank (ADCB) has received two of the financial services industries most prestigious awards - the Asian Banker Leadership Achievement Awards. Group CEO and Executive Director, Ala'a Eraiqat, was honoured with the Asian Banker CEO Leadership Achievement Award for the UAE, while ADCB was also recognised as The Best Managed Bank in the UAE at a ceremony hosted recently in Hanoi, Vietnam.

Established in 2001, the Asian Banker Leadership Achievement Awards recognise individual and institutional excellence in the areas of leadership, governance and sustainability. The award plays an important role in cultivating a culture of excellence amongst executives in leadership positions and is the highest award for individual achievement in the banking industry in the Asia Pacific, Middle East and Africa regions today.

Ala'a Eraiqat said: "It is an honour that ADCB's long-term focus on the creation of a sustainable banking platform that is built on the solid foundations of our customer relationships in our core retail banking and SME markets has been recognised by the industry and our peers. The banking industry has evolved greatly in the UAE and we take very seriously our leadership platform, which is underpinned by strong frameworks around leadership, governance, values, skills, vision and sustainability. This award recognises the energy and commitment of our team in placing such high value on ensuring and consistently delivering excellent customer experiences in every aspect of their daily work."

The Asian Banker Leadership Achievement Awards is widely acknowledged by the financial services industry as the highest possible accolade available to professionals in the industry as recognised in the Asia Pacific and Gulf regions today. Its stringent evaluation process takes stock of the financial performance of the shortlisted organisation over a three-year period, measuring the stated vision and strategy against actual achievements, the feedback of staff, customers, investors and the industry through various surveys, a study of the organisation's management team and the validation of an experienced council of advisors. Being able to demonstrate the ability to translate strategy into execution is one of the core criteria required from the successful candidates put forward for the awards.

ADCB's success at the Asian Banker Leadership Achievement Awards is an addition to a string of wins in 2015 including "Best Retail Bank in the Middle East" by The Asian Banker, "Best Corporate Governance Award" from World Finance, and "Best Trade Finance Provider in the UAE" from Euromoney, "Best Cash Management" and "Best Trade Finance Offering" from Banker Middle East.