ADCB wins Euromoney Cash Management Survey Award for “Best Cash Manager”
Abu Dhabi Commercial Bank (ADCB) announced that it has been awarded the “Best Cash Manager” in the UAE (Non-FI category) in 2016 by the Euromoney Cash Management Survey, the benchmark survey for the global cash management industry. The survey receives responses from the leading cash managers, treasurers and financial officers worldwide, it is the most comprehensive survey on the cash management business across the different markets globally.
In addition to being the number one “Cash Management Bank” in the UAE, ADCB was ranked 3rd place in the Middle East and 16th place globally.
Isaac Thomas, Head of Transaction Banking at ADCB, said: “ADCB is honored to have been awarded this prestigious recognition. Cash Management as a business owes its success to a clear and sustained strategy that underpins itself on continuing investments in technology and innovation, a unique customer service proposition and a loyal clientele. In the UAE, the cash management proposition has proved to be an inherent business to ADCB because of its focus on the granular and working capital businesses. This recognition is a great customer validation of our continuing efforts in this regard. It is ADCB’s endeavor to keep innovating and providing excellent services to our customers.”
The poll assessed client feedback on 20 key criteria relevant to cash management, responses were on the basis of cash management locally, regionally and globally. ADCB was very highly rated on most of the 20 key criteria, with special mention for its quality of electronic banking, customer service quality and the payments and collections products.
Abu Dhabi Commercial Bank
ADCB was formed in 1985 and today after integration employs over 3,350 people from over 45 nationalities, serving approximately 590,000 retail customers and over 20,000 wholesale clients. It is the third largest bank in the UAE and second largest in Abu Dhabi by assets, at AED 163.7 billion as at March 31st, 2010.
ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate, currency, derivative, Islamic products, project finance and property management services.
ADCB is owned 64.8% by the Abu Dhabi Government through the Abu Dhabi Investment Council. Its shares are traded on the Abu Dhabi Securities Market.
ADCB has won the Silver class category of The Sheikh Khalifa Excellence Award (SKEA) for the finance sector in November, 2009. In February 2010, ADCB won The World Finance Corporate Governance Award for “Best Corporate Governance in the UAE” and was recently named “Best Retail Bank in the UAE and GCC 2010” by The Asian Banker magazine in March 2010.
Abu Dhabi Commercial Bank Building
Al Salam Street,
P.O. Box 939
Abu Dhabi ,
United Arab Emirates
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