Manama, Bahrain: Bank ABC has been recognised as the Best Bank for Transaction Banking in the Middle East by The Banker - Financial Times for a second time. This regional award is testament to the acceleration of Bank ABC's ambitious digital strategy. The Banker's highly coveted awards are an industry benchmark for banking excellence, adjudged by industry leaders and its top editors from the Financial Times.
Bank ABC stood out for delivering an innovative corporate banking offering, enabling enhanced connectivity, and a seamless end-to-end digital customer experience. This encompasses the global rollout of a revolutionary Corporate Portal, leveraging cutting-edge, AI-driven technologies to offer a custom persona-based experience and instant access to the Bank's Trade, Supply Chain Finance and Cash Management products and services.
Commenting on the Bank's major win, Bank ABC's Group CEO, Sael Al Waary remarked: "We are honoured to receive The Banker's Transaction Banking Award for the Middle East and would like to thank the Financial Times for this prestigious title. This esteemed recognition highlights our focused strategic transformation journey and our continued efforts to shape banking in the region as MENA's International Bank of the Future. Over the past year, we have accelerated the digitisation of our Wholesale Bank, enhancing our global network to provide our clients with a superior, highly personalised multi-experience platform. This achievement is a testament to the collaborative efforts of our team. I would like to sincerely thank them for their dedication and thank our clients for their unwavering trust.'
Bank ABC serves clients in twenty-five markets through its international network spanning fifteen countries across MENA, Europe, the Americas and Asia. The Bank's growth strategy is well underway, centered around accelerating core performance, digitising its businesses and strengthening operational efficiency. The Bank has steadily expanded its footprint with its pivotal merger with BLOM Bank Egypt, integrating more than 18 business and support functions and expanding its market share in the country.
On the digital innovation front, the Bank continued to roll out its seamless digital corporate onboarding solution across 13 global units, enabling corporate clients to open an account with the Bank in less than eight hours, a tremendous reduction to the 60-day industry average. In addition, the Bank collaborated with the Central Bank of Bahrain and J.P. Morgan to launch a next-generation instant cross-border payment service, powered by blockchain and distributed ledger technologies, driving significant efficiencies in trade related payments.
Building on recent achievements, Bank ABC continues to make an impact in the region's financial domain with next-level digital deliveries, growing financial performance and a new kind of banking for corporate customers to experience.
Mr. Sael Al Waary
Group CEO of Bank ABC