Emirates NBD named Banking and Finance Company of the Year at 2016 Arabian Business Achievement Awards
Dubai, 30 November, 2016: Emirates NBD, a leading bank in the region, was named 'Banking and Finance Company of the Year' at the distinguished Arabian Business Accomplishment Awards held yesterday (Monday, November 28, 2016). The bank was identified for its pioneering efforts toward the digitisation of banking in addition to its resilient efficiency in the previous year.
The Arabian Business Achievement Honors are adjudicated by an independent evaluating panel containing several of the Middle East's top businessmen. The honors seek to acknowledge and reward outstanding business leadership across a range of industries, with nominations drawn from across the Gulf and bigger Middle East region, based upon business activity over the past Twelve Month.
The 'Bank of the Year' honor was received by Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD. Al Qassim commented, "We are honoured to be identified as the Bank of the Year in the UAE. Our monetary efficiency remain continue to be strong in a difficult economic environment due to our strong footing in the UAE and audio growth method In addition, the bank has actually made vibrant strides this year to changing the banking experience for our wholesale and retail customers. Our investment in digital innovation has actually led to many firsts in the banking market, consisting of a pilot blockchain network for global compensations and trade money and an advanced banking space at Jumeirah Emirates Towers that combines artificial intelligence, 24/7 digital banking and personal consultatory services to produce the blueprint for banking in the future. "
The recognition at the Arabian Business Accomplishment Awards is the latest in a series of awards received by the bank. Earlier this year, Emirates NBD ended up being the initial bank in the UAE and the Middle East to win in 3 groups of the Euromoney Honors for Excellence 2016: Best Bank in the center East, Best Bank in the UAE and Best Digital Bank in the center East. Emirates NBD was also named Bank of the Year-- Middle East 2015' by The Banker; Bank of the Year' at the 2016 Gulf Business Industry Awards; Finest Consumer Digital Bank in Middle East and Africa' in the UAE and 'Best Mobile Banking App' Middle East and Africa, for the second year running, in addition to being named 'Ideal in Mobile Banking' for Middle East and Africa at Global Finance's Best Digital Bank Awards.
Scores firm Moody's recently upgraded the bank's long-lasting deposit and senior unsecured scores to A3 and its baseline credit assessment (BCA) to ba1. In addition to the bank's solid funding and liquidity account, the upgrade reflected the bank's boosted finance quality, and its greater loss-absorption buffers.
