As per the latest reports on June 23rd, 2021, Gulf International Bank B.S.C. (GIB) has been honored in the two top categories in Global Finance Magazine’s “The Innovators 2021” awards. Earlier, Arab Bank was honored with the “Best Trade Finance Provider 2021 in the Middle East” award by Global Finance.
GIB won the title of “Outstanding Financial Innovator (Banks) in the Middle East, 2021” resulting in local recognition while another title it won is “Outstanding Innovator Cash Management, 2021” resulting in global recognition for the in-house banking solution by utilizing the Virtual Account Platform. It is a leader recommendation in the market.
In its ninth year, Global Finance strives to honor institutions that discover new approaches regularly and construct new tools in the finance industry with the awards concentrating on recognizing outstanding innovations in categories including cash management, corporate finance, Islamic Finance, Payments, and Trade Finance. All of these selections were executed by the editorial board of Global Finance with the contribution of journalists who are specialists in the capacities being served by these trend-setters. Previously, African Development Bank was honored with the “best multilateral financial institution in the world for 2021” by Global Finance.
