Mashreq recognized at TFR Excellence Awards 2012

Mashreq, one of the UAE’s leading financial institutions, was recently recognized at the TFR Excellence Awards 2012 from London-based Trade & Forfaiting Review (TFR) Magazine.

Mashreq received a Bronze award in the category of “Best Trade Bank in the Middle East”, the only Arab Bank in the Top 3.  The award is a testament of the Bank’s focus on delivering financial solutions to its clients based on their requirements.

Trade & Forfaiting Review is a leading trade and supply chain finance information resource, providing essential updates to professionals all around the globe and has a large subscriber base in UK and Europe apart from other countries.

John Iossifidis, Head of International Banking Group, Mashreq said, “We are extremely pleased with the Award.  It is clear evidence of Mashreq’s expertise in providing our clients, who we consider our partners, with comprehensive trade solutions to meet their goals.  Mashreq has a longstanding and successful record of delivering a comprehensive range of trade finance products tailored to the needs of our clients and we are constantly working towards enhancing our capabilities in order to maintain market leadership.  As we strive to position Mashreq as MENA’s Best Regional Bank, we believe this award is recognition that we are headed the right direction to achieve our vision.”

The TFR Excellence Awards, which honor the best organizations in the trade banking industry and finance sector globally, are based primarily on the votes of readers. 

Mashreq’s trade services offering constantly received positive feedback from TFR readers, in the areas of “depth of client relationships, servicing model and range of trade finance products”.  These Bank’s range of products include import and export financing, cross currency hedging, cash management, factoring and other receivable financing solutions delivered in both conventional and a Shariah compliant manner.