Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
FGB recognised as the “Best Local Bank in the UAE”
 
FGB recognised as the “Best Local Bank in the UAE”

EMEA Finance's Middle East Banking Awards 2013 awards UAE's leading bank for the second consecutive year

Abu Dhabi, 24, 2013: First Gulf Bank (FGB), one of the leading banks in the UAE, was awarded for the second time in a row as the “Best Local Bank in the United Arab Emirates” for 2012 during EMEA Finance's Annual Middle East Banking Awards, which took place at the Jumeirah Emirates Towers in Dubai on Monday 22 April, 2013.

The Middle East Banking Awards is organised by EMEA Finance, the leading financial publication known for providing in-depth reports and analytical pieces on European, Middle Eastern and African markets. The core reason behind establishing the awards five years ago was to recognise the efforts of leading local and international banks and financial institutions in the region through their retail, investment banking, asset management and brokerage activities.

Andre' Sayegh, CEO of First Gulf Bank, commented on the award saying: “At First Gulf Bank, we always strive to elevate our service standards through our dedicated staff across all our branches and across a diversified range of product offerings. Winning this prestigious award for the second consecutive year is a great honor for us and highlights our continuous determination to aim higher year after year.” 
Sayegh added: “This award recognizes our high standards and our achievements in 2012 which culminated in a Net Profit of AED 4,154 million, which was 12% higher than the previous year.' 

Christopher Moore, publisher & CEO, EMEA Finance, said: “First Gulf Bank is a deserved winner of this award. The bank is outpacing its rivals in nearly every key financial performance measurement and ratio used in the banking industry. Additionally, the bank demonstrates a commitment to grow its market share and presence in Islamic finance.”

“First Gulf Bank's funding activities continue to impress us. The most notable international transactions successfully completed by the bank include: the three times oversubscribed US$500 Sukuk issued in January, the $650mn 5-year EMTN that registered demand four times the note's principal in October, and the three year US$900mn senior unsecured loan (TFL) completed in November. This extremely busy year in the bank's treasury operations places the bank in a very distinguished, elite group of financial institutions active in EMEA,” he added.

He continued: “Finally, we note that First Gulf Bank remains a leading player in project and export finance in the Middle East and has been instrumental in supporting several innovative and unique transactions.”
 
-Ends-


Posted by : Dubai PR Network Editorial Team
Viewed 10047 times
PR Category : Banking & Investments
Posted on : Wednesday, April 24, 2013  5:17:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : GOLD'S LUMP OFFERS OPPORTUNITIES
Next Story : Emirates NBD Wholesale Bank underlines significance of inves...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Inventive, Futuristic and Daring Translucent is a Distinguished Milestone for Police. [5386-Views]
Show your Nanny some love and treat them to a Complimentary Haircut throughout August and ... [4612-Views]
Introducing Lunette: A Tool to Empower Women [4197-Views]
Corum Golden Bridge Titane DLC - black beauty for the man of style [4026-Views]
Robinsons Showcases Malone Souliers' Stunning New Collection for Pre-Fall 19 [3800-Views]
Marks & Spencer Unveils Its Autumn 2019 Kidswear Collection [3593-Views]
Ferragamo Urban - 2019 Fall/Winter Collection [3318-Views]
Aesop's Parsley Seed Skin Priming Regimen [3318-Views]
GUESS - The Perfect Tote [3300-Views]
Ralph Lauren Debuts “Wear Your Story” Denim Campaign [3117-Views]
Corum Admiral Legend 42-Icon ahead [3105-Views]
Sandro: The Power Suit [3105-Views]
The future of photography and videography is in Canon's hands, with five 2019 EISA Awards [3074-Views]
Hormann announces speed rolling shutter DD S6 [3013-Views]
GEMS Education students shine with excellent A-Level examination results [3013-Views]
Al Ain Hospital doctors save young girl from 2.5 cm pin in her lungs [2977-Views]
Forecasting Mesmerising Sea Views and Exotic Seafood at Gonu [2952-Views]
Same Favourite Fragrance, New Innovative Products From the Ritual of Karma [2922-Views]
Jaguar I-pace: Redefining What It Means to Be a ‘CAR' [2910-Views]
Tazio Nuvolari Vanderbilt Cup [2898-Views]
Rock Chic Edit with GUESS [2898-Views]
Modular Sofa's by Boconcept [2861-Views]
Exceptional Playtime with Soundcore Vortex [2824-Views]
Autumn / Winter 2019-20 Men's and Women's Sneakers Collection [2806-Views]
Get 50 per cent off back-to-school essentials at Dragon Mart [2794-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories