Ahli United Bank – Egypt (AUB) has awarded “Bank of the Year for Egypt in 2022” from an international financial publication the Banker, during its ceremony held in London, on December 1, 2022.
The award highlights the bank’s efforts to harness the quality of services provided, innovative solutions with unique value propositions for Corporate and Retail clients which differentiate from competition.
Bank of the Year Award is one of most prestigious awards offered by The Banker magazine, a globally recognized publication in the banking sector. While, this award is considered a testimony granted by an international independent publication.
Moreover, the award also reflects on AUBE’s leading role in the Egyptian Banking Sector and its ability to leverage advanced technology and data.
“Receiving this prestigious award motivated the bank’s staff to achieve further progress in developing various solutions to sustain its leadership in the Egyptian market,” said Hala Sadek, CEO of AUB.
The award has adjoined with real-time payment and collection services through advanced platforms such as the B2B Corporate Digital Platform.
This platform was recently upgraded to allow corporate clients to efficiently manage their cash flow from remote with seamless execution, the statement added.
At the same time, it continues to offer new solutions for Retail clients like obtaining new account number through the (e-Account) service to enjoy a top-notch customer experience.
The digital evolution achieved by the bank coincided with the rapidly growing FinTech industry in Egypt which indicates significant opportunities for the country, Hala continued.
The bank also continues its support to various economic sectors with particular focus on manufacturing sector to steer economic development ahead, amidst challenging business environment.
The award ceremony was held in London, on December 1, 2022, as it considered the largest event ever, bringing together C-suite officials, and delegates of financial and economic institutions, outside of the IMF and World Bank’s meetings.
Noteworthy, the bank’s net profits have recorded a 74 percent surge since the beginning of this year till September to reach 1.4 Billion Egyptian pounds, up from 814.2 million pounds the corresponding period of last year.
