MENA Newswire: Bank ABC, MENA’s leading international bank, has won The Banker Transaction Banking Awards 2022, for Middle East by the Financial Times. The Banker’s highly coveted awards are an industry benchmark for banking excellence, adjudged by industry stalwarts and its top editors.
The award stands testament to Bank ABC’s consistent efforts to develop a stronger, more resilient bank for its corporate banking clients, by way of accelerating its ambitious digital transformation programme, driven by innovation, in thought and action. This win comes on back of Bank ABC’s aims, objectives and ambitious strategy that is enhancing its Transaction Banking offering. The accelerated transformation programme has started showing increasing total trade volumes that have supported subsequent annual market share growth.
Commenting on this achievement, Bank ABC’s Acting Group CEO, Mr. Sael Al Waary remarked: “It is our great honour to win The Banker’s Transaction Banking Award for the Middle East, and I thank the Financial Times for this esteemed recognition. We at Bank ABC recognised early, that adopting a “digital-only” model is the only way forward for our industry and have been steadfast in developing the “bank of future.” It is our focused strategic direction that has resulted in enhanced customer engagement and improved returns for the Bank, and in addition to that, extensive recognition.”
In their evaluation, the judges took into account how “busy” Bank ABC has been, “Working on wholesale banking digital transformation programme, starting with Global Transaction Banking with digital capabilities gone live across Cash Management, Documentary Trade and Supply Chain Finance.”
“As we gain further momentum on this strategic programme, I believe we should also take a moment to recognize that our efforts are not just transforming Transaction Banking business within Bank ABC but are driving a larger transformational impact on the industry in the region,” remarks Amr ElNokaly, Group Head of Wholesale Banking at Bank ABC. “Such recognition indeed reinforces our confidence in our efforts to take Transaction Banking in Middle East to the next level.”
Winning this accolade has further solidified Bank ABC’s position as the bank of choice in the MENA region, as it continues to stand out for offering unmatched, market-leading financial services. Bank ABC is a leading player in the region’s banking industry, with presence in 15 countries across five continents. It provides innovative global Wholesale Banking solutions across Transaction Banking (Trade Finance & Cash Management), Project and Structured finance, Syndications, Treasury and Financial Markets products and Islamic Banking to corporates and financial institutions. It also provides retail-banking services through its network of retail banks in Jordan, Egypt, Tunisia, Algeria, and through ila Bank, its digital mobile-only bank, in Bahrain.