National Bank of Fujairah recognised with ‘Banker’s Choice Award’ at The Asian Banker Middle East and Africa Regional Awards 2016
The latest award further acclaim NBF’s position as a trusted banking partner, cementing its status as the bank for businesses in the UAE
National Bank of Fujairah (NBF) PJSC announced today that it was awarded the “Bankers’ Choice Award” at the Asian Banker Middle East and Africa Regional Awards 2016. Theaccolade is an endorsement of NBF’s longstanding record in adding value to its clients’ businesses.
The bank’s multidisciplinary client servicing model has seen the bank expand its corporate banking solutions into diverse industry and customer segments over the years. From healthcare & education,Emirati women entrepreneurs to oil & gas and diamonds & precious metals among others, NBF has leveraged its award-winning specialisations from treasury, trade finance and corporate advisory to provide bespoke and innovative business solutions.
The Asian Banker Middle East and Africa Regional Awards are renowned in the financial services industry as the highest accolade for professionals and banks in the region. More specifically, the Bankers’ Choice Awards recognise corporations that have strong financials and demonstrate the ability to use the financial supply chain to add value to their partners by helping them grow their businesses. The winners are selected following a stringent three-month evaluation process involving a panel of advisors, industry leaders, practitioners, and academics.
Commenting on this win, NBF’s CEO said: “We are very pleased to receive this prestigious award from The Asian Banker magazine, recognising our sustained progress and constant efforts towards enhancing our offerings and responding to our clients’ changing needs. Given out only once in every three years, this coveted award is the strongest indication that the approach we have taken since our inception is proving highly appreciated.”
He continued, “Given this model, we are recognised today as the bank for business in the UAE. At NBF, we constantly emphasise that our every move be driven by our clients’ needs and our desire to form a long term partnership with them. There is no doubt that, together with our clients, we have prevailed over challenging operating conditions; moving forward, we will continue to make relentless efforts towards adding value to our clients’ businesses. I would like to take this opportunity to thank our clients and partners for their trust, without which we would have been celebrating this success today.”
NBF has been consistently singled out for its status as the leading local corporate bank. Earlier this year, the bank scooped two awards at the Banker Middle East Industry Awards: “Best Commercial Bank”; and “Best Corporate Bank”. Additionally, it was was ranked amongst the 50 most successful companies in the GCC by Trends, a regional current affairs magazine, in conjunction with INSEAD Business School and the Hawkamah Institute for Corporate Governance.
About National Bank of Fujairah PJSC:
Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shariah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals.
NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB+ / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol "NBF". It has a branch network of 16 across the UAE.