Month: December 2008

AHLI UNITED BANK NAMED ‘BEST FOREIGN EXCHANGE BANK IN THE MIDDLE EAST’ FOR THE THIRD CONSECUTIVE YEAR

Ahli United Bank B.S.C. (AUB) has been named ‘Best Foreign Exchange Bank in the Middle East 2009‘ by well known New York- based banking publication Global Finance magazine.

This marks the third consecutive year AUB has been named ‘Best Foreign Exchange Bank Middle East‘ by Global Finance magazine, one of the banking sector‘s most reputed publications. The ‘Best Foreign Exchange Banks and Providers’ awards are divided into two categories: region and country. AUB won the accolade of ‘Best Foreign Exchange Bank’ in both categories, winning ‘Best Foreign Exchange Bank in Bahrain’ in addition to the overall Middle East title.

“Winning the ‘Best Foreign Exchange Bank in the Middle East’ award for the third consecutive year highlights our commitment to outstanding customer service and operational and technical excellence. Our ability to win this award is a reflection of the strength of our integrated network and efficient processing capabilities,” said Christopher Wilmot, Group Head of Treasury, Ahli United Bank.

A panel of Global Finance editors selects the award winners after assessing input from industry analysts, corporate executives and technology experts. The Global Finance awards panel assesses banks against specific criteria which include: transaction volume, market share, scope of regional coverage, customer service, competitive pricing and innovative technology.

“The global foreign exchange has continued to thrive throughout the financial crisis. Average daily turnover has surpassed US$3 trillion in the world‘s biggest market. We have identified the banks that large global companies can rely on for their FX needs,” commented Global Finance.

AHLI UNITED BANK NAMED ‘BANK OF THE YEAR BAHRAIN 2008’ BY THE BANKER MAGAZINE

AUB wins prestigious award for the third consecutive year

Ahli United Bank B.S.C. (AUB), one of the region’s leading banking institutions, has been named ‘Bank of the Year – Bahrain’ for 2008 by The Banker magazine, a widely respected publication and part of the UK’s Financial Times Group, for the third consecutive year.

The Banker’s editorial team assesses banks on overall performance in the previous financial period incorporating performance criteria, qualitative achievements and strategic objectives.

“AUB is extremely pleased to accept the ‘Bank of the Year- Bahrain’ award for the third consecutive year and for the fifth time overall. It is especially significant to receive this accolade at a time when the market is undergoing rapid changes and investors are looking for financial institutions that can offer stability and consistency; the award underlines our steady growth and sound management principles,” said Fahad Al- Rajaan, Chairman, AUB.

Panelists for The Banker magazine judged AUB’s strong financial performance and strategic vision as reasons for securing the ‘Bank of the Year- Bahrain 2008’ award.

This latest Banker’s award marks the fifth major accolade AUB received in 2008. Earlier this year, New York – based Global Finance accorded AUB the “Best Bank in the Middle East” award for the third consecutive year. AUB also received the “Best Bank in Bahrain” award from Euromoney and was the first ever recipient of AsiaMoney’s ‘Best Commercial Bank in Bahrain’ award during the year. Global Finance also named AUB the “Best Foreign Exchange Bank in the Middle East 2008”.

AHLI UNITED BANK RECEIVES AWARD FOR OPERATING EXCELLENCE

JPMorgan Chase Selects AUB for Elite Quality Award

Ahli United Bank B.S.C. (AUB), one of the region’s leading Banking institutions, has been presented with the prestigious ‘Elite Quality Recognition Award’ by JP Morgan Chase, the leading global financial services firm. The award was given in acknowledgement of the bank’s consistently outstanding and high quality operational performance in the area of funds transfers and trade finance activity.

AUB has achieved a 99% rate in straight through processing in international payments with JPMorgan, which is well above average and considered one of the highest globally. This is the eleventh consecutive year that AUB has received the award.

Since 1997, JPMorgan Chase has presented the Quality Recognition Award to those clients who achieve a “best-in-class” level of operating excellence. According to JPMorgan, AUB’s award is an “acknowledgement of the consistent, high quality performance and standards the bank’s funds transfer operations management and staff have maintained for the past year.”

AUB’s latest award reinforces its position as a market leader in the banking sector and is a reflection of the staff’s commitment to pursuing excellence and setting new standards for quality in the area of funds transfers and trade finance.