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AHLI UNITED BANK NAMED ‘BEST FOREIGN EXCHANGE BANK IN THE MIDDLE EAST 2008’

Ahli United Bank B.S.C. (AUB) has been named ‘Best Foreign Exchange Bank in the Middle East 2008’ by Global Finance magazine, the New York-based banking publication.

This marks the second 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.

“The latest award received by AUB reflects its operational and technical excellence in a banking field characterized by very intense competition which demonstrates our commitment to client servicing and satisfaction”. said Fahad Al Rajaan, Chairman, 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.

“Average daily turnover has surpassed $3 trillion in this fast growing market. We have identified the banks that large global companies can rely on for their FX needs,” commented Global Finance.