(Dubai – 12 June, 2012) – CPI Financial has revealed the 44 winners of the Banker Middle East Industry Awards 2012 at a gala dinner at the Jumeirah Emirates Towers in Dubai. The 13th annual Banker Middle East Industry Awards brought together more than 400 distinguished regional and global industry experts and decision-makers, to honour and celebrate excellence in the MENA banking and finance industry.
Although the peer-voted awards were dominated by UAE institutions, the top accolade of Best Bank in the Middle East went, for the second year running to QNB.
Sponsored by Visa and Thomson Reuters, the Awards were partnered by Hawkamah, the Institute for Corporate Governance. The ceremony also played host to the 2012 Hawkamah Bank Corporate Governance Awards.
CPI Financial’s own commitment to greater transparency in the awards process saw a total of 18 awards going to banking institutions in nine countries as a result of straightforward analysis of financial reports.
“Our partnership with Hawkamah this year underlines our own commitment to transparency and clear methodology for our awards. With our comparative analysis of institutions’ financial performance from published results, Middle East investors, shareholders and consumer may understand and compare the true relative performance of banks within the region,” said Adam Broom, Chief Operating Officer of CPI Financial.
Compiled as the CPI Financial 100, this research, now in its third year, takes account of banks’ assets, liabilities, total income, net profit and return on assets, looking at the size of each measure, annual dollar growth and percentage growth.
The top 100 banks in the Middle East controlled assets worth $1.47 trillion and together made aggregate net profits of $24.6 billion in 2011, rising more than 26% per cent on the previous year.
The Banker Middle East Industry Awards recognise both corporate and individual distinctions amongst top performers in the industry. H.E. Yousef Hussain Kamal, Chairman of QNB and Minister of Economy & Finance, Qatar, was honoured with the ‘Lifetime Achievement Award’; Michel Accad, CEO & Chief General Manager of Gulf Bank was named ‘Banker of the Year’.
“The Banker Middle East Industry Awards continue to set the benchmark for successful banking and financial institutions in the MENA region. Our commitment to raising the bar in the quality of our Awards process ensures that we will continue to do so,” said Robin Amlôt, Managing Editor of CPI Financial. “We have extended our analysis this year and will extend its reach still further throughout the MENA region in years to come. We take great pride in being able to honour the very best of the region’s banks and financial institutions – the key players in laying the foundations for a prosperous future for all the MENA economies.”
For a full list of winners please select Banker Middle East Industry Awards June 2012 in the see previous winners section on the right.
 GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates); Jordan; Lebanon; Palestine