The Award will be delivered in a grand ceremony to be held on this occasion in Geneva on 18 November 2013, and will be attended by official delegations and businessmen from 40 countries around the world.
The winning institutions are selected from among 7500 companies and financial institutions from 160 countries around the world as a whole through the arbitrators and the voting polls. Al Baraka Bank Egypt won the prize as a result of excellence and superiority in many areas such as high quality of customer service, creativity, teamwork, diversity of products of development and corporate finance, lease and assets finance, retail and treasury products, and foreign operations.
Adnan Ahmed Yousif, Chairman of the Board of Directors of Al Baraka Bank Egypt and President and Chief Executive of Al Baraka Banking Group, expressed his deep pleasure with the winning of the Bank of this prestigious international award, stressing that the roof of the ambitions of Al Baraka Bank Egypt in the excellence and quality has no boundaries and the Bank works to be outstanding in all its activities, products and services, thanks to its commitment to the highest standards of quality and its determination to achieve continued successes, creativity, development of human resources, the use of technical and professional work and keep up with the latest scientific international developments.
Adnan Ahmed Yousif added that he is proud with this award, which gives a clear indication of the solid situation enjoyed by Bank and its pioneer position in the Egyptian banking market as a leading Islamic institution.
“The Majestic Five Continents Award for Quality and Excellence” in recognition of its outstanding role and continuation and culmination of the march of excellence and teamwork displayed by the executive management of the Bank under his leadership and as a result of the continued positive and constructive support of Board of Directors of the Bank under the Chairmanship of Adnan Ahmed Yousif, President & Chief Executive of Al Baraka Banking Group,” Ashraf El Ghamrawy, Vice Chairman and Chief Executive Officer of Al Baraka Bank Egypt, said.
Ashraf El Ghamrawi emphasized that Al Baraka Bank Egypt, as one of the units of the leading Islamic banking Al Baraka Banking Group, has won this award in recognition of the Bank’s role and its permanent efforts to upgrade quality and excellence as well as its pioneering role in development finance and social responsibility through the Bank’s Zakat fund, the consolidation of partnership relations with all government and private agencies, its diligent research for innovative methods and programs to improve the level of service and to achieve customer satisfaction with the highest standards and the best international practices and in accordance with established foundations set up by the Al Baraka Banking Group – the main shareholder of the Bank.
Al Baraka Banking Group is a Bahrain Joint Stock Company licensed as an Islamic wholesale bank by Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. The authorised capital of Al Baraka is US$ 1.5 billion, while total equity is at about US$ 1.9 billion.