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Standard Chartered Bank was selected as the Best Foreign Bank 2009 at the Banker Middle East Industry Awards.
The event was held under the patronage of the Central Bank of Bahrain at the Gulf Hotel, Bahrain.
Shayne Nelson, regional CEO Standard Chartered Bank MENA, said: "The award is a collective win for the bank which reinforces our strategy to continue focusing on our customers and deepening relationships with our stakeholders."
The award winners are chosen in an open vote. Only registered readers of Banker Middle East and subscribers to CPI Financial newsletters are eligible to vote.
Thousands of senior executives in financial institutions throughout the MENA region voted over four weeks. Their decisions on the winners were based on institutions' overall performance based on results, innovation, improvement and growth over the last 12 months.
Jonathan Morris, chief executive officer, Bahrain, who accepted the award on behalf of the bank, said: "This award is a fantastic achievement and is a further acknowledgement by our peers of Standard Chartered's outstanding performance in 2008 and the continuing confidence which they have in us."
