Latest Banking
- FAB recognised as the safest bank in the UAE and the Middle East
- Santander InnoVentures invests in Mexican start-up ePesos to advance financial inclusion
- Renewed optimism for UK investors but bad news for UK assets, says Lloyds
- IBM announces new blockchain banking solution
- HSBC introduces Matched electronic Purchase Orders
- Private banking AUMs bounce back in Asia-Pacific
- Ohpen recognised for its investment and innovation in the UK expired
- Deloitte and Avaloq release joint whitepaper dedicated to digital wealth advisory expired
- Oracle launches financial services transaction filtering expired
- Banks plan to make major investments in Open Banking by 2020 expired
- Goldman Sachs reports good overall performance for Q3 expired
- Fifth Third to advance B2B accounts payable for commercial clients expired
20th October 2017
FAB recognised as the safest bank in the UAE and the Middle East
First Abu Dhabi Bank (FAB) has been named the Safest Bank in the Middle East at Global Finance Magazine’s “Best Banks Awards 2017”. FAB was also recognised as the Safest Bank in the UAE, one of the World’s 50 Safest Banks, one of the 50 Safest Banks in Emerging Markets and one of the world’s 50 Safest Commercial Banks for 2017.
The awards recognise banks across the world through an evaluation of long-term foreign currency ratings from global ratings agencies, Moody’s, Standard & Poor’s and Fitch. FAB was ranked first in the UAE and the MENA region, 4th in emerging markets, 17th amongst commercial banks worldwide and 31st in the world.
André Sayegh, FAB Deputy Group CEO and Head of Corporate & Investment Banking, said: “We are very proud of these rankings, which reflect our strength on a local, regional and international level. These awards cement our leading position as the UAE’s and the region’s safest bank, reinforcing the trust that customers across multiple markets have placed in FAB. Our strong ratings, disciplined approach and sound judgement demonstrate that we are well-positioned on our continuous journey to grow stronger.”
