September 22nd 2016
‘Accad takes bank to a new operational level’
Al Ahli Bank of Kuwait (ABK) proudly announced that ABK CEO Michel Accad was named ‘Bank CEO of the Year’ by CEO Magazine, an ITP affiliate. Mr. Accad received his award at the ‘CEO Middle East Awards 2016’ ceremony, which was held in Dubai, on 20 September, 2016.
The CEO Middle East Awards recognize and reward the most successful and innovative CEOs in the Middle East. This year’s awards honored top CEOs that have delivered outstanding results, as well as those that have made a vital contribution to the vibrancy of business across the region. The awards represent the benchmark of success for senior executives in the Middle East.
Commenting on this achievement, Michel Accad said: “I am honored to receive this recognition. We have come a long way over the past couple of years and I am proud to be part of this financial institution, and more importantly, part of the exceptionally talented team that has made it possible to put into action the ideas and strategies developed.”
“Today ABK has taken its operations to a whole new level, from the innovative solutions it delivers through its new ‘Simpler Banking’ strategy, to its expansion to the Egypt market. I can confidently say that we have marked the start of a new era for ABK and we will spare no efforts to make this journey a rewarding and successful one”, Accad added.
“I would like to thank the organizers for this event. This is not a testament to what I have achieved as a CEO, but rather to what we have achieved as a team at ABK, and I thank each and every one of our staff for their hard work and commitment”, Accad concluded.
ABK’s ‘Simpler Banking’ strategy aims to create a Simpler Banking model for its customers, which revolves around offering more security, convenience and speed. In line with this strategy, major enhancements and developments have been made to the Bank’s systems and processes that have yielded significant improvements in the ways ABK delivers its products and services.
Moreover, ABK recently also won the Africa Region ‘Deal of the Year’ award by The Banker, an FT affiliate, under the Merger and Acquisition category, for the acquisition of Piraeus Bank Egypt (PBE), which was finalized in November, 2015 as well as ‘Best Bank Transformation’ in the Middle East by Euromoney. The Bank’s new identity is being rolled-out in Egypt over the entire 39 branch network. This acquisition is part of ABK’s efforts to expand its presence across the region and further solidify its role as a leading regional bank.