Dubai, United Arab Emirates, 14 March 2018: Mashreq Bank, the UAE's leading financial institution, was honored twice at the 2017 EMEA Finance Middle East Banking Awards.
Now in its 10th year, the award ceremony recognizes the achievements of the region's retail and investment banks, as well as their asset management and brokerage operations.
The magazine cover banks operating in ten countries, acknowledging their achievements in the past year.
Mashreq Bank was presented with the ‘Best Local Bank in United Arab Emirates' and the ‘Best Product Launch in Middle East' for its card-less cash withdrawal for corporates, which is one of an extensive line of products and solutions tailored to specific client needs.
The awards were in recognition of Mashreq's bespoke services designed to provide customized solutions to meet the complex needs of its corporate clients.
Ahmed Abdelaal, Group Head Corporate & Investment Banking Group said: “We are honored to be recognized for our services and capabilities in the banking space, and for pushing the industry forward with new and innovative products and services.
We have realized that all of our corporate clients have unique needs and our bespoke service is designed to meet each of their individual demands.
Mashreq Bank has been at the forefront of innovation for the last 50 years and the awards further reaffirm our position as one of the most progressive banks in the region.
We are particularly honored to have been nominated and shortlisted as the “Best Local Bank” in the Middle East.”
Christopher Moore, publisher of EMEA Finance magazine, said: “Mashreq is committed to becoming the corporate digital bank of the future.
What brings out the best in this firm is its willingness to tailor innovative client-specific solutions for uniquely Middle Eastern situations.
The bank's steady stream of products and services continue to push the envelope.”