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Emirates NBD, the largest banking group in the Middle East in terms of assets has won the Mohammed bin Rashid Al Maktoum Business Award for Finance 2008.

The award was received at the fourth round of the award which was recently held in Dubai. This is the third year that an Emirates NBD Group company wins the MRM Business Award, after Emirates Islamic Bank won it in 2007 and Emirates Bank won it in 2006.

The Group was recognised for its consistent financial performance, innovative and unique initiatives in Wholesale Banking, Consumer Banking and Wealth Management, Investment Banking, Treasury, and especially the Group's multi-award winning 'Tafawouq' operations platform and extremely successful 'Wildfire' front-line service and sales programs. This spirit of innovation was also seen across various units including Risk, Strategy, Integration, Training, Talent Management and Corporate Social Responsibility. It was the joint efforts of all the Banks’ businesses and departments that played an important role in winning this award.

H.E. Ahmed Humaid Al Tayer, Chairman, Emirates NBD expressed his pride to note that various group entities have won this prestigious award over the last three years and said:” This prestigious award constitutes the most important recognition for us. It reflects Emirates NBD’s excellence and our efforts to create a local and regional banking and finance champion. Emirates NBD is committed to excel in every aspect of our business and this award will only further our motivation to adopt and set innovative best practices in the industry.”

The Mohammed bin Rashid Al Maktoum Business Award is presented to any organisation which implements the five components of strategic initiatives, leadership perspectives, quality imperatives, corporate culture and corporate social responsibility utilizing the benefits of excellence in performance as exemplified in the performance component of the Business High Performance (BHP) Model. This model has been used as the basis of assessment for the winners of the Mohammed Bin Rashid Al Maktoum Business Award.

Rick Pudner, Chief Executive Officer, Emirates NBD said:” After a strong performance last year, this award would not have been possible without the enthusiasm and professionalism of all the Emirates NBD employees. With our solid business fundamentals, strong management team and dedicated members of staff, I am confident we can continue to deliver value for our customers and stakeholders into the future and emerge stronger from the challenges that are imposed by global financial crisis.”

Emirates NBD has been recognised for its exceptional performance in its various businesses through local, regional and international awards including, Best Bank in the UAE, by Global Finance 2008, Best Bank in the UAE by The Banker Magazine, Best Retail Bank by Arabian Business Magazine, Best Trade Finance Bank by Global Finance and Best Emerging Market Bank by Global Finance Magazine.

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