Abu Dhabi, UAE, 23 October, 2017: First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has won three awards at Global Finance magazine’s 2017 Transaction Processing Awards. FAB was named Best FX Provider in UAE, as well as Best Overall Bank for Cash Management and Best Bank for Liquidity Management in MENA. André Sayegh, FAB Deputy Group CEO and Head of Corporate & Investment Banking, received the awards at a ceremony held during Sibos 2017, in Toronto, Canada.
The criteria for the World’s Best FX Provider Awards includes transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies, alongside input from industry analysts, corporate executives and technology specialists. The World’s Best Treasury and Cash Management Banks and Providers Awards are based on subjective and objective criteria, including profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision.
André Sayegh said: “These awards are a true testament to the strengths of our market-leading Corporate and Investment Banking franchise, which is committed to providing clients across the world with an expanded and highly sophisticated product range, leading technologies and an unparalleled banking experience. Through our client-led approach, we are building on our position to be the banking partner of choice for customers as we grow stronger, together, and we’re very pleased to have received this recognition of our achievements.”
FAB has received a number of awards and recognitions since FGB and NBAD merged earlier this year. The awards are based on the outstanding achievements and accomplishments of both banks. FAB is proud to carry the legacies of two of the UAE’s leading financial institutions, as it celebrates a new joint identity and vision to grow stronger.