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First Gulf Bank (FGB) recently won ‘Bank of the Year 2010, UAE’, which was presented by Banker Magazine, at an awards ceremony held in London. The win, a second for FGB, represents a further endorsement by the Banking Community of FGB’s growth and performance in terms of capital, assets and return on equity.
This award also recognizes FGB’s sound banking strategy, its efficient structure and its use of modern technology, and how each of these factors combined have equipped FGB for future growth in the market.
At the Gala dinner, the Banker’s expert panel of judges selected the best banks in 149 different countries; winners were selected based on their performances over the past year. This past year, FGB has continued to expand its geographic footprint and, alongside its already-established joint-venture bank branches in Libya, FGB has also opened representative offices in Qatar as well as India and is currently converting its Singapore representative office into a wholesale branch.
The Banker Award ceremony which is hosted by ‘The Banker Magazine’ is the world’s premier banking and finance magazine. Read in 150 countries around the world, The Banker is the key source of data and analysis for the industry. The Banker has been providing global financial intelligence since 1926 and has built a reputation for objective and incisive reporting on major events.
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