For over 20 years, Banker Middle East has been serving the banking and financial community in the region. We are the longest-running GCC-based banking publication, continuously supporting the industry, providing informed commentaries, news, in-depth articles and analyses. As part of our integral role in the region’s banking sector, we benchmark, recognise and actively encourage excellence within institutions.
The Banker Middle East Product Awards highlights the most successful financial products and services in the region. It provides a benchmark for the financial services sector, recognising the most innovative solutions in the market in retail and corporate banking as well as asset management, celebrating exemplary institutions that have designed financial propositions that shape the market.
After each and every awards ceremony, together with feedback from the industry, throughout the year, we conduct our own research to ensure that our awards categories accurately reflect the current banking landscape and comprehensively recognise the achievements of the industry.
As a result, we have expanded to 48 award categories that provide regional recognition to exceptional financial institutions across the wide spectrum of banking and finance, with added focus on technology to reflect the industry’s ongoing transformation.
Institutions can nominate themselves in all relevant categories as deemed appropriate, provided the submission is sent in before the deadline, and in the required format. Award submissions will be critically evaluated and mutually analysed, utilising market knowledge, marketing materials, research and relevant company financial statements, before a shortlist is made. The editorial team will then create the shortlist based on those submissions and all submitted materials will be given to the judging panel which comprises senior executives from research and rating agencies, management consultancy firms as well as accountancy and auditing firms.
The judging panel will then score each shortlisted institution for each category from 1-5, with scores sent back to the editorial team, which will tabulate the scores, along with independent scores from the editorial team itself. Each institution will be judged on five criteria: financials, corporate strategy, marketing strategy, digital adaptation and client care*, all of which will carry a 20 per cent weightage per criteria in the scoring system.
The institution in each category with the highest score will be declared the winner. Winners will be notified in advance and trophies will be presented at the awards ceremony.
9 SEPTEMBER 2020
Dubai, United Arab Emirates
*All awards are regional and not country specific