ADCB wins Five Star Cash Manager Award by Euromoney

Press release

Published January 22nd, 2017 - 07:13 GMT

During the event

The Euromoney Award for “Five Star Cash Manager” was granted to Abu Dhabi Commercial Bank (ADCB) today after conducting the annual Cash Management Survey for the United Arab Emirates. ADCB is recognised for its unfailing efforts in maintaining an excellent level of cash management for its customers.

ADCB Cash Management services focus on a far-reaching knowledge of the market to help deliver quality solutions. This is achieved through guiding organisations on how to restructure their operational functions and promoting their effective practices to reduce costs. Concentrating mainly on clients’ concerns and needs to help provide up to par solutions steadily.

On the occasion, Isaac P Thomas, Head of Transaction Banking at ADCB, commented: “We are deeply honored to have been awarded the prestigious “Five Star Cash Manager” Award by Euromoney. Consistent client feedback is crucial to our promise of delivering cutting edge solutions; through involving in every step from product ideas to final development and that helps us cater to their needs, as we constantly strive to exceed their expectations.”

ADCB is one among only less than 10 other global banks that have won this prestigious award by Euromoney. This announcement followed ADCB’s winning the Euromoney Cash Management Survey Award of the ‘Best Cash Manager Bank in the UAE’ last October.

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.