Emirates NBD claims triple win at prestigious Asian Banker awards
Emirates NBD, a leading financial institution in the Middle East, announced today that it has just recently won three distinguished awards at Asian Banker's 3rd Annual Middle East and Africa Awards event.
The bank was called as winner for the Achievement in Credit Risk Management award 2015 at the Asian Banker Risk Management Awards Programme for the Middle East & Africa. In addition, the bank won the 'Best Trade Finance Bank in the UAE 2015 award', while Emirates NBD Egypt won the 'Best Cash Management and Trade Finance Bank Award in Egypt for 2015'.
Discussing the triple win, Shayne Nelson, Group CEO, Emirates NBD stated: "Winning three prestigious awards from the Asian Banker is an honour and a considerable acknowledgment of Emirates NBD's durable standing in the market. I wish to take this chance to identify the efforts of the teams included: Group Risk, led by General Manager, Manoj Chawla; Group Transaction Banking, headed by Executive Vice-President, Samir Sahu; and our fast-growing Egypt company led by Egypt CEO, Giel-Jan Van Der Tol.
Secret Highlights of the awards:
Accomplishment in Credit Risk Management 2015
The bank was commended for its integrated tension testing structure which encompasses the forward-looking evaluation of economic circumstances, an included bonus particularly with the unforeseeable monetary environment today. Additionally, maintaining a structured management framework for customer banking danger management makes it possible for Emirates NBD to recognize and evaluate the significance of all credit dangers that the bank can possibly face. The danger group has also introduced an early caution procedure utilized proactively for portfolio management that permits the bank to identify weak points related to consumer credit worthiness as well as the monitoring of market associated risks. The effectiveness of the bank's efforts to change the culture of the count on their very first line of defense can be seen in their Total Capital and Tier 1 Capital ratios.
Finest Trade Finance Bank in the UAE 2015
Emirates NBD transaction banking business experienced growth in both cash management and trade financing this year, with a 13 % development in earnings and over 10 % in market portion of trade financing business in concerns to SWIFT messaging. Emirates NBD continues to be among the primary banks in cash management and trade finance for its broadening customer base offering a rich product offering in trade financing including liquidity management, import/export factoring and advanced trade website. The bank's smartBUSINESS online platform offers corporates with a single indication in for both money management and trade services.
Best Cash Management and Trade Finance Bank Award in Egypt for 2015
This prominent distinction identifies Emirates NBD Egypt as a national leader in offering money management and trade finance services. Asian Banker's evaluating panel commended the breadth and level of customisation of Emirates NBD Egypt's money management and trade finance options. Also applauded was the bank's concentrate on pioneering online service options for both cash management and trade financing, and which have now been used up by over 65 per-cent of corporate customers.
