FAB named ‘World’s Best Bank for Transformation
Abu Dhabi, 22 July 2019: First Abu Dhabi Bank (FAB), the UAE’s largest bank, and one of the world’s largest and safest financial institutions, has been named ‘World’s Best Bank for Transformation’ at the Euromoney Awards for Excellence 2019, at the recent ceremony in London.
This year’s awards demonstrated the growing importance of the UAE’s banks to the global finance sector. FAB was given the award for best bank transformation after successfully merging, integrating and enhancing its services and offerings over the last two years. The win follows several recent accolades for FAB including being named ‘Best Bank for transformation in MEA’ and ‘Best Bank for Financing’ by the same publication.
André Sayegh, Deputy Group CEO and Group Head of Corporate and Investment Banking, FAB, said: “From merger to integration and beyond, FAB’s growth story underpins these prestigious awards. We are proud to be recognised by the prestigious financial publication for the collective achievements that have helped us to grow stronger. The formation of FAB was a significant milestone and catalyst for the UAE’s banking sector, and our integration journey was completed with a single-minded vision to empower our employees, communities and customers. The Group has now unlocked the full potential of a unified bank with a unique competitive position, strong focus on customer experience, digitisation and growth. Looking ahead to the remainder of 2019, we will continue to pursue new opportunities and create greater value for all our stakeholders as we grow stronger, together.”
Launched in 1992, the Euromoney Awards for Excellence were the first of their kind in the global banking industry. Award submissions are analysed and assessed by a team of editors, journalists and researchers in conjunction with the magazine’s own market knowledge and research, before decisions are made by an editorial committee. This year Euromoney received almost 1,000 submissions from banks in an awards programme that covers 20 global awards, more than 50 regional awards, and the best bank awards in close to 100 countries.