Ahli United Bank (AUB) has been named 'Best Foreign Exchange Bank in the Middle East' by New York-based banking publication Global Finance magazine.

This marks the third consecutive year AUB has won the award from Global Finance.

The 'Best Foreign Exchange Banks and Providers' awards are divided into two categories - region and country.

AUB won the accolade of 'Best Foreign Exchange Bank' in both categories, winning 'Best Foreign Exchange Bank in Bahrain' in addition to the overall Middle East title.

'Winning the 'Best Foreign Exchange Bank in the Middle East' award for the third consecutive year highlights our commitment to outstanding customer service and operational and technical excellence,' AUB group head of treasury Christopher Wilmot.

'Our ability to win this award is a reflection of the strength of our integrated network and efficient processing capabilities.'

A panel of Global Finance editors selects the award winners after assessing input from industry analysts, corporate executives and technology experts.

The awards panel assesses banks against specific criteria which include: transaction volume, market share, scope of regional coverage, customer service, competitive pricing and innovative technology.-TradeArabia News Service