AUB named among 50 most Secure international banks

28/12/2015 06:01 AST

Ahli United Bank has embodied its leading role in the Islamic banking field both locally and regionally obtaining the second position locally and fifth in the GCC in 2015 on the “Global Finance” list of the most secure 50 international banks.

This evaluation is based on the long-term credit ratings of foreign currencies by international rating institutions such as: Fitch, Moody’s, and Standard & Poor’s. This reemphasizes the Bank’s strength and financial solvency as well as the success of its conservative strategy plus its desire to provide the best banking services and solutions that conform to the Islamic Shari’a principles.

On this occasion, Moataz Al-Rafie, the Senior Deputy CEO – Banking Group at Ahli United Bank, clarified: The Bank’s achievement of the second position in Kuwait and the fifth position in the GCC proves the good financial performance of the Bank which is very satisfactory and excellent recognition for our role and as a leading bank in this country.

Al-Rafie added: This evaluation reflects the tangible development of the Bank in its various departments which was lately crowned by the Interest-Free Loan campaign launched by the Bank to assist its clients to achieve a better standard of living through the largest interest-free loan obtainable in the local market. The Bank is also unique in offering the Al-Hassad Islamic Saving Program which offers prizes with the highest value that amounts to KD 3.4 million per year in addition to 26 weekly prizes. It is the only prize program in Kuwait which is compatible to Islamic Shari’a.

These successive accomplishments of the Bank double the Ahli United Bank’s commitment to intensify efforts to streamline the services and banking procedures to its clients, Mr. Al-Rafie asserted. Its services and products combine the latest banking technologies with conformity to Islamic Shari’a principles through its network comprising 37 branches built and designed according to highest standards of technology and service. 90 ATM machines throughout Kuwait also provide uninterrupted service to its clients.

Mr. Al-Rafieexpressed deep appreciation to the Bank’s clients for their confidence and loyalty as well as to the Bank’s personnel whose dedication represents the backbone of the Bank’s distinguished achievements year after year.

Global Finance adopts a number of criteria in its selection of world banks from among 500 banks for this award including: credit rating, assets volume and financial indexes.

Arab Times