Ajman Bank to receive two Industrial Awards by the Banker Middle East 2015
Ajman Bank to receive two Industrial Awards by the Banker Middle East 2015

 

Named ‘Fastest Growing Bank’ in both the UAE and the Middle East

at the 2015 Banker Middle East Industry Awards

Ajman -UAE, Wednesday, May 27th 2015:  Ajman Bank, the award-winning Islamic financial services institution committed to transforming the experience of Islamic banking, has reinforced its strong status among its competitors in the UAE by picking up a duo of accolades at CPI Financials Banker Middle East Industry Awards for 2015.

The Bank has reaffirmed its leading position by being named both ‘Fastest Growing Bank in the UAE’ and ‘Fastest Growing Bank in the Middle East, on the back of the remarkable surge in its annual net profits for the year ended on 31 Dec 2014, recording an increase by 574%.

Receiving the awards, Mohamed Amiri, CEO of Ajman Bank said: “I am very proud of the success and the remarkable performance Ajman Bank had achieved over the last year on both financial and strategic fields, such performance led to outstanding net profits recorded by the bank in 2014. He also added: “The strength of our core business had played a major role in establishing a solid, well-positioned banking entity able to support innovation and future expansion plans, emphasizing the provision of premium service levels that to be considered the heart of our strategy. Also I would like to address my sincere gratitude to our customers who trusted Ajman Bank and believed on its capabilities that gave the bank the position it’s obtaining today.”

Ajman Bank had signed a strategic agreement with “EMC Corporation” to redefine its IT infrastructure in a bid to continue offering technological innovation in order to create the best possible experience for customers. The bank had also signed several agreements with number of well-known institutions and companies in the UAE such as Humaid bin Rashid Foundation, Marka Sports and it had recently finalized a deal with NASDAQ Dubai at which the bank had begun transacting on the NASDAQDubai Murabaha Platform to facilitate the provision of streamlined Sharia’a-compliant financing services.

In addition, Ajman Bank had lately announced the official inauguration of its new Head Office and its branch, this event that was held under the patronage of HH Sheikh Humaid Bin Rashid Al Nuaimi, Member of the Supreme Council of the UAE and Ruler of Ajman with the presence of HH Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince and Chairman of Ajman Bank and number of sheikhs and prestigious society personals.  

The Banker Middle East Industry Awards is the region’s most prestigious financial event. It encompasses nominees from the United Arab Emirates, Qatar, Saudi Arabia, Oman, Kuwait, Bahrain, Jordan and Lebanon, representing more than 200 institutions. Ajman Bank was selected to win those awards among 100 of banks and financial institutions in the UAE and MENA. The selection was based on the bank’s financial performance during the last year and with reference to the main standard performance criteria including: assets, liabilities, income value, net profit, returns on equity and returns on assets.

The awards cover a variety of financial services including retail, corporate, investment, private banking, asset management, fund management, finance companies and consultancy practice.

About Ajman Bank 

Ajman bank provides a wide range of value-driven banking services in the UAE for individuals, business and government clients, all in compliance with Shariah principles. Ajman Bank seeks out the market's best products and technology in order to deliver what customers want, how they want it, delivering real value and recreating that human touch lost in modern banking.

Headquartered in Ajman and strongly supported by its government, Ajman Bank is the keystone of the emirate's economic development strategy and is in a position to benefit from its growth and potential like no other. Ajman Bank is committed to becoming a sustainable organization in its truest sense, balancing care for the community and employees with the business of delivering value to its shareholders and customers.

 

Ajman Bank Public Joint Stock Company (P.J.S.C) is licensed by the Central Bank of the UAE. All our products and services are Shari’ah complaint.