Alawwal bank honoured twice at Banker Middle East Awards


Alawwal bank, has been named ‘Best Private Bank in KSA’ and ‘Most Innovative Bank in KSA’ at this year’s Banker Middle East Awards. The awards, hosted on Thursday 3 May in Dubai, are one the most coveted amongst the region’s leading financial institutions.

Commenting on the accolades, Soren Nikolajsen, Managing Director of Alawwal bank, said: “As the Kingdom’s longest serving bank, it makes me extremely proud that we’re still recognised as leaders in this hugely competitive market. We have a long tradition of pushing the boundaries of banking in the Kingdom that we work very hard to maintain.”

The selection as ‘Most Innovative Bank in KSA’ marks another step in Alawwal bank’s 92-year history of leading positive change in the Kingdom’s financial services industry. The bank has invested heavily in developing a market-leading range of digital banking services in recent years. Over the past 12 months the bank witnessed a 50% increase in both online and mobile transactions. Alawwal bank was first in the Kingdom to launch transactions on Apple Watch, as well as a celebrated digital branch that doubles as a café in one of Riyadh’s busiest shopping malls.

Alawwal bank also picked up the ‘Best Private Bank in KSA’, a category awarded to the organization which has excelled in servicing the complex needs of wealthy individuals. The bank has a long history of serving high net worth individual and recently revamped its private banking centres enhancing the overall experience offered to customers.

 This year’s ceremony was hosted at the Ritz Carlton, DIFC, Dubai and featured over 70 nominees from across the Middle East. The awards, now in their 7th year, recognise distinction across a range of financial services including retail, corporate, investment, private banking, asset management, fund management, finance companies and consultancy practices.

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