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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.