Recognized for performance that is second to none, the National Bank of Dubai has been voted the Best Bank in the UAE for the fifth consecutive year by Global Finance: the leading monthly financial magazine.
In an exclusive survey entitled “Best Emerging Banks in the Middle East”, to be published in the May 2007 issue of Global Finance, editors of the leading financial magazine together with input from industry analysts, corporate executives and banking consultants selected the best emerging market banks in the region.
Competing with other banks throughout the Emirates, National Bank of Dubai was selected as this year’s best UAE bank based on key criteria such as growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products.
“This prestigious international award recognizes the investment which NBD has made in its products and services and is a result of its strong commitment to customer service. However, this award would not have been possible if not for the dedication and loyalty of all NBD staff and customers for which we thank them,” stated R. Douglas Dowie, CEO, National Bank of Dubai.
Since its inception in 1963, NBD has committed itself to provide customers with the best range of products and services. NBD’s 2006 annual results saw the bank report considerable growth in key areas, such as corporate banking assets which increased by 57 per cent and retail banking revenues which grew by 78 per cent.
“We are delighted to receive such an esteemed award from Global Finance for the fifth consecutive year. This award is testament to our continued commitment to providing quality banking and innovative products to all of our customers,” Added Dowie.
An official award ceremony will take place in October this year in Washington DC, USA, during the annual meetings of the IMF and World Bank.