International finance journal Euromoney Magazine has awarded Mashreqbank the Best Bank in the United Arab Emirates (UAE) Award for Excellence at a gala awards ceremony held at the London Natural History Museum.
In making its 'Awards for Excellence,' Euromoney focuses on the quality of management, strategic focus, profitability and innovation of the banks it reviews. In Mashreqbank's case, Euromoney cited in particular the bank's innovation and expertise in both the corporate and consumer areas.
The Euromoney Excellence Awards Panel includes a selection of high level international financial experts as well as senior editors and the chairman of Euromoney. In 1998, the magazine cited Mashreqbank as one of the six most robust banks in the world, which "have turned into centers of excellence." — (menareport.com)
© 2003 Mena Report (www.menareport.com)
