FAB scoops three awards at Global Finance 2017 Transaction Processing

First Abu Dhabi Bank, FAB, has won three awards at Global Finance magazine’s 2017 Transaction Processing Awards. The bank was named Best FX Provider in UAE, as well as Best Overall Bank for Cash Management and Best Bank for Liquidity Management in MENA.

Andre Sayegh, FAB Deputy Group CEO and Head of Corporate and Investment Banking, received the awards at a ceremony held during Sibos 2017, in Toronto, Canada.

The criteria for the World’s Best FX Provider Awards includes transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies, alongside input from industry analysts, corporate executives and technology specialists. The World’s Best Treasury and Cash Management Banks and Providers Awards are based on subjective and objective criteria, including profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision.

Speaking on the occasion, Mr. Sayegh said, "These awards are a true testament to the strengths of our market-leading Corporate and Investment Banking franchise, which is committed to providing clients across the world with an expanded and highly sophisticated product range, leading technologies and an unparalleled banking experience. Through our client-led approach, we are building on our position to be the banking partner of choice for customers as we grow stronger, together, and we’re very pleased to have received this recognition of our achievements."