ADCB wins 4 accolades at Banker Middle East Industry Awards 2012

Press release

Published June 18th, 2012 - 07:25 GMT

Ala’a Eraiqat, the CEO of Abu Dhabi Commercial Bank receiving the award

Abu Dhabi Commercial Bank (ADCB) received three prestigious awards at the Banker Middle East Industry Awards 2012, in a ceremony held on 12 June at Jumeirah Towers in Dubai. The three awards; ‘Best Bank in the UAE’, ‘Best Transaction Bank’ and ‘Best Corporate Bank’, acknowledge ADCB’s achievements over the years.

The awards, competed for by banks from across the region, namely the GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates), Jordan and Lebanon, recognise ADCB as a leader in the industry as well as its outstanding achievement in the banking sector.

Banker Middle East assembles a panel of industry experts each year to short-list institutions across all categories. CPI Financial then hosts an online voting system with registered readers of Banker Middle East and Business Intelligence to elect the winners.

The ceremony also played host to the 2012 Hawkamah Bank Corporate Governance Awards, where the fourth award, the Hawkamah Bank Corporate Governance Award 2012, was also presented to ADCB by Dr. Nasser Saidi, in acknowledgment for ADCB’s efforts dedicated to Corporate Governance.

Ala’a Eraiqat, the CEO of Abu Dhabi Commercial Bank, commented: “ADCB continues to perform at the very highest level within the industry, resulting in a momentous few years for the Bank. These latest awards prove our leading position in the industry, both regionally in the UAE, through delivering customers new and innovative products and services.

I would like to express my sincere appreciation and gratitude to all of our shareholders and the Board of Directors for their support, our employees for their hard work and our customers for their on-going loyalty and trust.”

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.