Latest news with #EuromoneyAwardsforExcellence
Biz Bahrain
4 days ago
- Business
- Biz Bahrain
NBB Named Best Bank in Bahrain at Euromoney Awards for Excellence 2025
The National Bank of Bahrain (NBB) has been named Best Bank in Bahrain at the 2025 Euromoney Awards for Excellence for its standout financial performance, digital transformation initiatives and customer centric approach throughout the past year. The Bank was also honoured as Best Bank for ESG and Best Bank for Corporate Responsibility, reaffirming its role as a national leader in responsible banking and meaningful community investments. Commenting on the occasion, Usman Ahmed, Group Chief Executive Officer of NBB stated, 'The recognition as Bahrain's Best Bank is the result of a focused strategy, with execution rooted in robust governance, innovation-led banking, and a pledge to contribute to national development. We continue to build on our legacy by enhancing client offerings through digitalisation, integrating sustainability into our business at every level and expanding regionally. These awards reflect the collective efforts of our team, who remain passionate about pursuing excellence across all aspects of the NBB Group's operations.' For his part, Ben Naylor, Global Head of Research at Euromoney, remarked, 'NBB achieved strong growth with a 7% rise in assets and 11% increase in profits. The Bank advanced its digital transformation agenda, expanded sustainably, and launched Bahrain's first Bitcoin-linked investment product. Strategic execution boosted lending by 16%, while its continued emphasis on sustainability and innovation is helping reshape Bahrain's banking sector. NBB's diverse initiatives encompass CSR, employee engagement, and community support. In 2024, the Bank backed vulnerable groups, supported youth sports and education, launched a donations fund for urgent needs, and led notable environmental efforts. They also inaugurated a LEED Platinum-certified branch, launched a new Sustainable Management Committee, and recorded major energy and emissions reductions, demonstrating a firm commitment to ESG principles. These efforts were complemented with the financing of key social infrastructure, leading Bahrain's first sustainability-linked interest rate swap, advancing sustainable finance and governance standards.' The Bank's innovation-driven ethos remained a defining strength throughout the year, with an 84% increase in newly onboarded retail customers via digital channels and a 23% increase in digitally registered users. NBB launched a host of solutions that serve the dynamic needs of its business as well as consumer banking segments. Further expanding its consumer banking proposition to cater to younger customer demographics, the Bank introduced the Yalla Family Account. The product is offered as part of the NBB Digital Banking app to instil responsible spending habits among the youth, while allowing parents to onboard their children and manage their accounts directly through the digital experience. Staying ahead of the trends shaping global financial markets, NBB also introduced the GCC's first Bitcoin-linked structured investment product. The offering is designed for accredited investors and provides them with capital-protected exposure to Bitcoin's performance, thereby marking a pioneering investment solution that combines innovation with risk management. For its business clientele, the Bank delivered DigiCorp, a revamped corporate banking platform that offers secure and efficient financial management. Complementing DigiCorp were DigiConnect, a new host-to-host integration solution designed to streamline payment and reconciliation processes for large corporates, and the Enterprise Liquidity Management Solution (eLMS), which helps clients optimise balances, pool funds from different accounts, and manage daily liquidity. Additionally, NBB Go, Bahrain's first SoftPOS (Software Point-of-Sale) solution, enabled small merchants to use their NFC-enabled Android smartphones to securely accept payments. Together, these three Euromoney Awards for Excellence further reinforce NBB's purpose-driven vision that is redefining modern banking and reinforce its position as Bahrain's leading financial institution.
Daily Tribune
4 days ago
- Business
- Daily Tribune
NBB Named Best Bank in Bahrain at Euromoney Awards for Excellence 2025
And Additionally Recognised for Outstanding Leadership in ESG and Corporate Responsibility The National Bank of Bahrain (NBB) has been named Best Bank in Bahrain at the 2025 Euromoney Awards for Excellence for its standout financial performance, digital transformation initiatives and customer centric approach throughout the past year. The Bank was also honoured as Best Bank for ESG and Best Bank for Corporate Responsibility, reaffirming its role as a national leader in responsible banking and meaningful community investments. Commenting on the occasion, Usman Ahmed, Group Chief Executive Officer of NBB stated, 'The recognition as Bahrain's Best Bank is the result of a focused strategy, with execution rooted in robust governance, innovation-led banking, and a pledge to contribute to national development. We continue to build on our legacy by enhancing client offerings through digitalisation, integrating sustainability into our business at every level and expanding regionally. These awards reflect the collective efforts of our team, who remain passionate about pursuing excellence across all aspects of the NBB Group's operations." For his part, Ben Naylor, Global Head of Research at Euromoney, remarked, 'NBB achieved strong growth with a 7% rise in assets and 11% increase in profits. The Bank advanced its digital transformation agenda, expanded sustainably, and launched Bahrain's first Bitcoin-linked investment product. Strategic execution boosted lending by 16%, while its continued emphasis on sustainability and innovation is helping reshape Bahrain's banking sector. NBB's diverse initiatives encompass CSR, employee engagement, and community support. In 2024, the Bank backed vulnerable groups, supported youth sports and education, launched a donations fund for urgent needs, and led notable environmental efforts. They also inaugurated a LEED Platinum-certified branch, launched a new Sustainable Management Committee, and recorded major energy and emissions reductions, demonstrating a firm commitment to ESG principles. These efforts were complemented with the financing of key social infrastructure, leading Bahrain's first sustainability-linked interest rate swap, advancing sustainable finance and governance standards.' The Bank's innovation-driven ethos remained a defining strength throughout the year, with an 84% increase in newly onboarded retail customers via digital channels and a 23% increase in digitally registered users. NBB launched a host of solutions that serve the dynamic needs of its business as well as consumer banking segments. Further expanding its consumer banking proposition to cater to younger customer demographics, the Bank introduced the Yalla Family Account. The product is offered as part of the NBB Digital Banking app to instil responsible spending habits among the youth, while allowing parents to onboard their children and manage their accounts directly through the digital experience. Staying ahead of the trends shaping global financial markets, NBB also introduced the GCC's first Bitcoin-linked structured investment product. The offering is designed for accredited investors and provides them with capital-protected exposure to Bitcoin's performance, thereby marking a pioneering investment solution that combines innovation with risk management. For its business clientele, the Bank delivered DigiCorp, a revamped corporate banking platform that offers secure and efficient financial management. Complementing DigiCorp were DigiConnect, a new host-to-host integration solution designed to streamline payment and reconciliation processes for large corporates, and the Enterprise Liquidity Management Solution (eLMS), which helps clients optimise balances, pool funds from different accounts, and manage daily liquidity. Additionally, NBB Go, Bahrain's first SoftPOS (Software Point-of-Sale) solution, enabled small merchants to use their NFC-enabled Android smartphones to securely accept payments. Together, these three Euromoney Awards for Excellence further reinforce NBB's purpose-driven vision that is redefining modern banking and reinforce its position as Bahrain's leading financial institution.
Qatar Tribune
5 days ago
- Business
- Qatar Tribune
CB named Best Bank for SMEs in Qatar by Euromoney
Tribune News Network Doha Commercial Bank, a leader in innovative digital financial solutions, has been awarded with 'Best Bank for SMEs' in Qatar by the prestigious Euromoney Awards for Excellence for the year 2025. Throughout the years, Commercial Bank has demonstrated stellar financial performance and solutions in the digital banking landscape, becoming the first in the region to launch mobile banking solutions tailored for SMEs. The bank has also introduced remote cheque deposits and a state-of-the-art trade portal, both of which have reflected its forward-thinking approach and commitment to banking excellence. These initiatives have been empowering SME owners with convenience and operational efficiency, driving them to achieve their business aspirations. Over the past two years, Commercial Bank has witnessed a remarkable 63 percent growth in SME clientele as it continues to meet the distinct needs of this very segment. Commercial Bank Group CEO Joseph Abraham said, 'The SME sector is key to the economy and its part of Commercial Bank's goal to provide the best financial services to key sectors of the economy. Innovation and operational excellence are central to our strategy. The recent upgrade of our digital platform reflects our commitment to supporting SMEs with scalable, effective financial solutions. This recognition highlights the progress we've made in improving access, agility, and efficiency, and reinforces our focus on helping clients compete and adapt in a dynamic financialenvironment'. Commercial Bank EGM and Chief Wholesale and International Banking Officer Fahad Badar said, 'Our support for SMEs extends beyond the traditional means of banking –Commercial Bank offers valuable financial guidance and expert advice that not only meet their needs, but also unlock new areas of growth and opportunity. With over numerous active SME customers, we continue to have a significant share of the transaction volumes in the local market. We focus on engaging with SMEs across sectors, servicing them through more digital channels. Additionally, we have partnered with organisations to offer targeted training that drives development and long-term success.'
Kuwait Times
22-05-2025
- Business
- Kuwait Times
NBK receives 4 prestigious awards from Euromoney Awards for Excellence in 2025
KUWAIT: In a new accomplishment that affirms its leadership in the banking sector, National Bank of Kuwait received four prestigious awards from Euromoney Awards for Excellence in 2025, the international magazine focused on finance and business. These awards confirm the trust of international and prestigious institutions in NBK's successful strategy and its ability to adapt to fast-paced changes in the banking industry, while maintaining the highest standards of quality and excellence. Moreover, these awards celebrate NBK's exceptional commitment to providing the best and most innovative banking services, and its outstanding efforts in supporting ESG, corporates, diversity and inclusion and digital transformation. Best Bank for ESG Receiving the award of best bank in implementing ESG echoes NBK's deep commitment to adhering to the highest standards of sustainability in its operations. This category measures the extent to which financial institutions incorporate ESG strategies in its services, products, training, professional development, sustainable project financing, carbon emission reduction, in addition to aligning with global sustainability standards. Amal Al-Duwaisan receives the Weyay Bank Award. It should be noted that NBK has excelled in the field of ESG by supporting strategic initiatives and aligning with Kuwait Vision 2035 objectives, and it has always been a key player in many global initiatives, such as being the first bank in Kuwait to join the Partnership for Carbon Accounting Financials (PCAF) global initiative, further reflecting its determination to measure and manage the emissions of its finance and investment portfolios. More of NBK's ESG-related initiatives include being the first financial institution to issue green bonds at $500 million, which confirms its leadership in financing environmentally friendly projects, and adding solar panels in several branches. NBK also implements an ESG risk structure on Group level, and it is committed to adhering to the principles of the UN Global Compact (UNGC). Best for large corporates NBK's essential role in supporting big corporates is strongly reflected in winning the award of best corporate banking in Kuwait. This category seeks exceptional financial performance in corporate banking, corporate portfolio growth, innovative corporate banking products and services, digital transformation in corporate banking, as well as enhancing customer service and expanding service coverage. NBK has proven its remarkable abilityto meet the needs of big corporates by providing comprehensive and innovative financial and advisory services, as it plays a key role in financing grand strategic services that contribute to boosting economic development in Kuwait as well as businesses and entrepreneurs. In addition, NBK enjoys a wide network of relations and experiences that enable it to serve corporates exceptionally and enhance its position as a trusted partner for the private sector and big institutions. Best Bank for diversity and inclusion Euromoney also named NBK as best in diversity and inclusion in Kuwait's banking sector as per several standards, including achieving diversity and inclusion goals, launching relevant programs and initiatives, the number of people positively affected by diversity and inclusion efforts, employee diversity, and providing specialized training and development programs. This award verifies that NBK has made remarkable efforts to establish a diverse and inclusive work environment that encompasses all competencies and provides equal opportunities where all can flourish professionally. Moreover, NBK has constantly worked towards empowering women and increasing their opportunities to obtain leading roles, as well as supporting national professionals, and building a motivational and diverse work environment as it firmly believes that diversity and inclusion are two pillars of institutional success.
Qatar Tribune
21-05-2025
- Business
- Qatar Tribune
QNB Group sweeps Euromoney Awards 2025, bags 5 accolades
Tribune News Network Doha QNB Group has been recognized with five prestigious accolades at the Euromoney Awards for Excellence 2025, reaffirming its leadership and commitment to the values of innovation and banking excellence. QNB bagged the Middle East's Best Bank for Diversity and Inclusion, Qatar's Best Bank, Qatar's Best Digital Bank, Qatar's Best Bank for ESG and Qatar's Best Investment Bank, awarded to QNB Capital. These accolades highlight QNB's exceptional performance and strategic focus across key areas including sustainability, digital banking, inclusive workplace culture, and investment banking services, on both regional and local levels. The recognitions specifically underscore QNB's dedication to enhancing the digital banking experience through customer-centric services, cutting-edge technologies, and its commitment to delivering new seamless and innovative digital services. It is worth mentioning that QNB Capital, the investment banking arm of QNB Group, has been named 'Best Investment Bank in Qatar', in recognition of its leadership in investment banking, its commitment to excellence, and its role in shaping the financial landscape in Qatar and beyond. The awards are a testament to the Bank's continued commitment to delivering world-class financial services, advancing digital innovation, and upholding its values of inclusivity and sustainability and its leadership across multiple fronts. The Euromoney Awards for Excellence are among the most respected accolades in the global banking industry, recognizing institutions that demonstrate outstanding performance, innovation, and contribution to the development of the financial sector. QNB Group is one of the leading financial institutions in the MEA region and among the most valuable banking brands in the regional market. Present in over 28 countries across Asia, Europe, and Africa, it offers tailored products and services supported by innovation and backed by a team of over 31,000 professionals dedicated to driving banking excellence worldwide.
