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ABK Awarded ‘Retail Bank of the Year’ by The European Magazine – a Thomson Reuters Affiliate

July 3rd 2016

Al Ahli Bank of Kuwait (ABK) recently won the ‘Retail Bank of the Year’ award from The European, a Thomson Reuters Affiliate and leading global Banking and Finance magazine, in recognition of the Bank's outstanding performance in the retail sector during 2016.

The ‘Retail Bank of the year’ award reinforces the successful execution of the Bank’s ‘Simpler Banking’ strategy and the series of transformations and developments rolled out throughout the year.

Commenting on this achievement, Stewart Lockie – General Manager Retail Banking at ABK said: “It is an honor to receive the ‘Retail Bank of the year’ award from the European Magazine. It has been a tremendously productive and exciting time for us at ABK, where our plans and objectives materialized to deliver differentiated products and services, a simpler banking model, along with major transformations to our processes and systems that allow ABK to deliver on a whole new level.”

The Bank’s tremendous efforts in the past year have been recognized through a series of awards. The Bank was recently named ‘Bank of the Year’ by Arabian Business Magazine, and received the ‘Best Commercial Bank in Kuwait’ by Banker Middle East, who also named Mr. Michel Accad, ABK’s Chief Executive Officer as ‘Banker of the Year’ for his outstanding leadership and work with the Bank. The Bank’s strategic expansion into the Egypt market through the acquisition of Piraeus Bank (PBE) was also acknowledged as ‘The Deal of the Year for Africa’ by The Banker, an FT affiliate and ABK recently received the coveted 2016 ‘Best Bank Transformation’ in the Middle East by Euromoney.