National Bank of Fujairah, NBF, announced today that it has won the award for ‘Best Local Bank – UAE’ at the EMEA Finance Middle East Banking Awards 2015.
Organised by EMEA Finance, a bi-monthly publication that covers debt and equity markets, deal making, project finance and transactional banking in emerging Europe, the Middle East and Africa, the awards enters its eight year and is widely seen as a benchmark for excellence in the regional financial services sector.
In bestowing the award to NBF, EMEA Finance is acknowledging the bank’s rising stature in the international arena and its ambition, says the magazine’s publisher and CEO Christopher Moore.
“NBF’s 2015 results for the first nine months of the year and its performance post the global financial crisis are impressive. Notable are the bank’s strong net profit growth, its consistent compound annual growth rates and its attention and focus on providing superior corporate and commercial banking services. Additionally, the bank’s initiatives to operate at the highest standards in governance, risk management and in the human resources areas are laudable.
“NBF’s efforts to broaden its corporate customer base, like the launch of NBF Elham, a unit dedicated to supporting Emirati businesswomen and entrepreneurs, its newly established corporate advisory NBF Capital and the successful launch of NBF Islamic, exemplify the bank’s ambition, which itself is a positive reflection of the larger aspirations and vision of the UAE.”
NBF’s CEO Vince Cook, said, “It is a tremendous honour to receive this award. This latest recognition comes shortly after NBF was voted best in corporate and commercial banking in the UAE, and is not just further validation of our track record and progress, but a great reminder of our customers’ trust and faith in us. No doubt this latest accolade will give us even more confidence to maintain our course as we continue to build the bank for the future, and I will like to take this opportunity to thank our customers, partners, and last but not least, our staff, for their support and partnership, without which NBF would never have come this far.”
Source: Emirates news agency
