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Dubai, UAE, 23 March 2011 – CPI Financial, publishers of Banker Middle East, today acknowledged some of the Middle East’s leading banking and financial products in more than 40 different categories at its annual Banker Middle East Product Awards held at Emirates Towers Hotel in Dubai. UAE Banks dominated the 381 nominations received across all categories and won 23 awards.

The annual Banker Middle East Product Awards, supported by Thomson Reuters and PIC Solutions, recognise banking products and services that are either exceptionally innovative or have generated excellent financial results and/or transference of market share. Institutions nominate themselves and their products, reflecting the range, diversity and geographical spread of institutions and services in the MENA region.

Dominic De Souza, Publisher of Banker Middle East, said, “Banks in the MENA region have made substantial progress in recovering from the effects of the financial crisis. Many have taken advantage of the challenge that was posed to raise their game and improve their products and services – that improvement is recognised by these awards.”

The Product Awards categories were revised and expanded for 2011 to take account of industry feedback, market developments and product evolution. These now include: Institutional & Investment (11 Categories – financial products and services targeting institutions and investors); Business Finance (11 Categories – services and financial products for corporate and SMEs); and Retail Finance (18 Categories – financial products and financial services for the consumer).

Over 30,000 votes were cast by registered readers of Banker Middle East and its sister publications, Islamic Business & Finance, WEALTH and Finance ME, together with registered users of the real-time financial news website, www.cpifinancial.net.

“The Banker Middle East Product Awards are designed to encourage, inspire, and reward distinction in the banking and finance industry, raising standards throughout the MENA banking sector,” said Robin Amlôt, Managing Editor of CPI Financial. “The staggering number of institutions involved shows the importance the industry ascribes to winning one of these coveted trophies.”

The full list of the winners:

Best Banking Promotion:   Emirates NBD

Best Corporate Account:   Emirates NBD

Best Customer Service: IBQ

Best Internet Banking Service:  Doha Bank

Best Internet Banking Service:  National Bank of Kuwait

Best New Business Product:  Noor Islamic Bank

Best SME Account:   ADCB

Best SME Card:    ADIB

Best SME Finance Scheme:   Gulf Finance Corporation

Best SME Start-up Scheme:  Bank of Baroda

Best Trade Finance Offering:  United Arab Bank

Best Exchange Service:   UAE Exchange

Best Forex Broker:   Alpari

Best Investment Advisory Service: Standard Chartered

Best Investment Product:   National Bank of Abu Dhabi

Best Islamic Investment Product:  KFH Bahrain

Best Mutual Fund:   NCB Capital

Best New Institutional Product:  Alpari

Best Online Trading Platform:  Mubasher

Best Private Equity Fund:  Global Investment House

Best Research House:   Bank Audi

Best Structured Product Bank: Sarasin Alpen

Best Branch Design:   Al Hilal Bank

Best Car Loan:    BLOM Bank

Best CSR Programme:   National Bank of Kuwait

Best Credit Card:   RAKBANK

Best Current Account:   Mashreq

Best Customer Loyalty Programme:  SABB

Best Customer Service:   Gulf Bank

Best Home Finance Product:  Ajman Bank

Best Insurance Product:   Noor Takaful

Best Islamic Covered Card:  Boubyan Bank

Best Ladies’ Banking Service:  ADIB

Best New Retail Finance Product:  Barwa Bank

Best Personal Loan:   BLOM Bank

Best Phone Banking Service:  Gulf Bank

Best Premium Banking Service:  National Bank of Kuwait

Best Private Banking Service:  Credit Suisse

Best Retail Banking Promotion:  Mashreq

Best Savings Account:   Union National Bank

 

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