Euromoney names NBAD Best Bank in UAE

June 5, 2014 2:55 pm

The National Bank of Abu Dhabi (NBAD) has been named the Best Bank in the UAE by the prestigious international publication Euromoney, making it the fourth time in six years that NBAD has won this important award.

Euromoney, which covers international banking, finance and global markets, has named NBAD the Best Bank in the UAE in 2001, 2005, 2009, 2010, 2011, and now 2014.

“Being named the Best Bank in the country by an independent and prestigious publication is a great honour and a validation that our strength as one of the world’s safest banks is augmented by our status as a exceptional financial services company in the UAE,” says Alex Thursby, the Group Chief Executive Officer of NBAD.

Saif Al Shehhi, the Senior Managing Director – Government of Abu Dhabi & VVIP Clients received the award on behalf of the bank at a an event organised yesterday in Dubai.

“This accomplishment wouldn’t be possible without the commitment and dedication of NBAD employees who work to ensure we are core to our customers and deliver our customer-centric values and propositions every day. Our job now is to strengthen our leading position in our home market and use it as a solid foundation to achieve our vision to build the largest, safest and best performing bank first in the UAE, and over time in GCC.” Mr. Thursby said.

Mr. Thursby continues: “Our strategic approach to tap into trade and investment flows across the West-East Corridor is founded on NBAD strength as well as its key location in the UAE which is at the heart of the economic activities spanning from the West of Africa to East of Asia.”

The ‘Corridor’ includes increasingly important economies in MENA, the Indian Subcontinent, Southeast Asia and greater China.

NBAD is the UAE’s largest bank by market capitalisation and has one of the largest networks in the country. Internationally, its branches and offices across 17 countries make it the largest among UAE banks.

NBAD’s long term ratings are now amongst the strongest combined ratings of any global financial institution. The Bank is rated senior long term/short term AA-/A-1+by Standard & Poor’s (S&P), Aa3/P1 by Moody’s, AA-/F1+ by Fitch, A+ by Rating and Investment Information Inc (R&I) Japan, and AAA by RAM (Malaysia).