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FGB has been named Best Bank in the UAE for the third year running and Best Bank in the Middle East at the 2015 Banker Middle East Industry Awards. The awards were recently presented to bank representatives during a ceremony at the Emirates Towers Hotel in Dubai.
Organised by CPI Financial, the Banker Middle East Industry Awards recognise financial excellence throughout eight different countries in the region. Over 200 institutions from across the Middle East were amongst this year's nominees. The awards cover a variety of financial services including retail, corporate, investment, private banking, asset management, fund management, finance companies and consultancy practices.
Andre Sayegh, CEO of FGB, said, "The past year has been a very exciting one for FGB and these awards are a reflection of the significant progress we've made towards achieving our strategic ambitions. We have continued to deliver a strong financial performance, enhanced our product and service capabilities, strengthened our global footprint and diversified our revenue sources. We are looking towards the future with optimism and we are very proud to see our customers making FGB their "First Choice", as we put them first."
The Banker Middle East Industry Awards are judged through a combination of published audited financial statements, along with a peer-vote process involving registered readers of the Banker Middle East, Islamic Business and Finance, Wealth Arabia and Finance ME, as well as users of CPI Financial's website.
The BME 100 is calculated using banks' own published financial metrics. Statistics compiled for this exclusive listing of the top 100 banks in the Middle East show the region's leading banks controlled assets totalling US$1.987 trillion at end-2014, up from US$1.8 trillion in 2013. Together, the top 100 banks made aggregate net profits of US$34 billion in 2013, rising 21% on the previous year.
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