SABB, formerly known as the Saudi British Bank, has received two awards in electronic banking from Global Finance magazine.

In its World's Best Internet Banks 2010 awards, the finance magazine selected SABB as the winner of its Best Online Consumer Credit Site award for the fifth consecutive year.

SABB was also awarded the Best Bill Payment & Presentment in the Middle East & North Africa.

Winners were chosen on the basis of a number of criteria including and the usability of their online services, the range of product offerings, the quality of websites, marketing, their customer service strategies and the growth of their online customer base.

SABB‘s online consumer website offers credit card users, highly secured  instantaneous services and enable them to fully manage and monitor their credit cards activities.

SABBNET, the bank’s Internet banking site, provides customers with over 180 automated services including convenient bill payment round the clock worldwide. Its customers can use the online services to manage a wide range of investment and personal banking needs, including Amanah Commodity Investment Accounts, investment in mutual funds, Islamic finance and credit card services.

In 2010, SABB continued improvement and expansion of its online services, it said in a statement.

Online account registration and pin reset function, government payments, SMS authentication on login and transactions, secure saved transfers and electronic bill payments are among the new services.

“We received Global Finance awards in recognition of SABB’s continuous  achievements and we are proud of our staff for setting new benchmarks and raising the bar of competition that are consistently maintaining our leadership in internet banking in Saudi Arabia,” said Adel Al-Nasser, deputy managing director of SABB.

“SABB wins international banking awards as it continues to enhance customers experience by offering them best class services,” he added. – TradeArabia News Service