ADCB recognized by Euromoney Award for Excellence 2016

Press release

Published June 13th, 2016 - 04:48 GMT

During the event

Abu Dhabi Commercial Bank (ADCB) today announced that it has been recognized by the prestigious annual Euromoney Award for Excellence 2016. ADCB won the “Best Transaction Service Bank in the Middle East” award, which was bestowed to the Bank in acknowledgement for its excellence in Transaction Banking across the Middle East.

The Transaction Banking business in ADCB has been one of the most successful product based businesses in the wholesale bank supporting over 40,000 corporate and SME clients in the UAE across all client segments. Besides focusing on the cash management and trade management business, it has a very unique client services proposition that has been one of its key successes.

Commenting on the award, Isaac Thomas, Transaction Banking Head said: “We are privileged to have been awarded the ‘Best Transaction Service Bank in the Middle East’, which reflects our ambitions and our continuous efforts to provide our customers with the best transaction banking business, that goes beyond Cash Management or Trade Finance. The award is yet another reminder that motivates us to continue developing the existing services and innovate new ones that tailor to our customers’ needs and requirements.”

Euromoney Awards for Excellence cover more than 20 global product categories, best-in-class awards in all regions and the best banks in close to 100 countries around the world. 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 requirements.

Background Information

Abu Dhabi Commercial Bank

ADCB was formed in 1985 and today after integration employs over 3,350 people from over 45 nationalities, serving approximately 590,000 retail customers and over 20,000 wholesale clients. It is the third largest bank in the UAE and second largest in Abu Dhabi by assets, at AED 163.7 billion as at March 31st, 2010.

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate, currency, derivative, Islamic products, project finance and property management services.

ADCB is owned 64.8% by the Abu Dhabi Government through the Abu Dhabi Investment Council. Its shares are traded on the Abu Dhabi Securities Market.

ADCB has won the Silver class category of The Sheikh Khalifa Excellence Award (SKEA) for the finance sector in November, 2009. In February 2010, ADCB won The World Finance Corporate Governance Award for “Best Corporate Governance in the UAE” and was recently named “Best Retail Bank in the UAE and GCC 2010” by The Asian Banker magazine in March 2010.