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First Gulf Bank (FGB), one of the major leading banks in the UAE, has been awarded the ‘Best Bank in the United Arab Emirates’ and ‘Best Bascassurance’ titles at the Banker Middle East Industry Awards 2013. The announcement was made yesterday during the annual award ceremony, this year held at Emirates Towers Hotel in Dubai.
Organised by CPI Financial, the Banker Middle East Industry Awards acknowledges leading financial institutions across the region and evaluates banks in terms of growth and financial standing. Banks are assessed according to their assets, liabilities, income, net profit, return on assets, return on equity and earnings per share in addition to voting in some categories.
Commenting on the award win, Andre’ Sayegh, CEO of FGB, said: “The titles that The Banker Middle East and their readers have kindly bestowed on us are prestigious accolades and we are naturally delighted that FGB has been recognised. It is always gratifying when hard work results in external peer recognition. These awards reflect both the bank’s outstanding financial performance and its commitment to satisfying customers. Award wins are an honour and important but what is even more important is that we deliver real value to our customers and stakeholders. To do this we must remain focused on product innovation, investment in people and being present where our customers need us. Our passion and dedication to what we do are the cornerstones of our success as we take FGB forward into an exciting future.”
“The Banker Middle East Industry Awards set the benchmark for the MENA financial sector. Our commitment to raising the bar in the quality of our Awards process ensures that we will continue to do so,” said Robin Amlôt, Managing Editor of CPI Financial. “We are very proud to be able to honour all that is best in the performance of the region’s banking and finance sector – our winners are key players in building a prosperous future for all the MENA economies.”
These awards build on FGB’s current accolade as Euromoney’s “Best Bank in the UAE” and FGB was recently named as the ‘Best Local Bank in the United Arab Emirates’ for the second consecutive year at the EMEA Finance’s Annual Middle East Banking Awards. The bank has also has been recognised as the third most powerful company in the UAE and the sixth leading bank in Forbes’ ‘Top 500 Companies in the Arab World’ list, released earlier in 2013.