Bahrain-based Global Banking Corporation (GBCORP) has been honoured with the Islamic banking and finance 'Best New Bank' award by CPI Financial.

'This award is a reaffirmation and recognition of our business strategies,' GBCORP head of investment banking Ahmed Al Khan said.

'Since its inception, GBCORP has focused on human capital as its greatest strength, advocating and adopting a pragmatic policy that encourages innovation and facilitates global investment opportunities through building partnerships for mutual development.

'We are extremely honoured to receive this award and believe it is testament to the expertise of our multinational team with experience in diverse product portfolio and a determination to make a difference,' he said.

The award was presented to GBCORP at a ceremony held at the Godolphin Ballroom, Emirates Towers, Dubai.-TradeArabia News Service