LONDON, UNITED KINGDOM--(Marketwired - July 26, 2016) - World Finance magazine granted Bankmed two distinct awards in recognition of the Bank's achievements in 2015 and 2016. Both awards, the Best Banking Group in Lebanon and the Most Sustainable Bank, attest to the bank's unmitigated efforts across its various business lines and reflect its solid banking experience, which goes beyond 70 years.
Since 2007, World Finance has been celebrating achievement, innovation and brilliance in its annual awards. The magazine's judging panel boasts over 230 years of financial and business journalism, supported by a research team that works round the clock to ensure that the award winners are the most deserving in their sector.
World Finance Best Banking Group award recognises Bankmed's milestones, which have been achieved through the continuous growth of the bank's various business lines as well as its steady growing expansion into local and regional markets. In 2015, while Bankmed's local branch network added new branches, the bank and its fully owned subsidiary, MedSecurities Investment, established presence into the Dubai International Financial Centre (DIFC).
As for the Most Sustainable Bank award, it recognises Bankmed's sustained growth and its contribution to the greater community in which it operates. The bank's firm belief and commitment in sustainability is clearly reflected through its microfinance arm, Emkan Finance (Emkan). Licensed by the Central Bank of Lebanon, Emkan complements Bankmed's role in the community by extending financial services to the under-banked segment of the population. Moreover, Bankmed has ingrained Corporate Social Responsibility (CSR) in the way it has chosen to do its business, adopting numerous initiatives and implementing pioneering policies in an aim to create a promising future for tomorrow's generations.
Headquartered in Beirut, Bankmed is recognised as one of the oldest banking and financial institutions in the MENA region. Since its inception in 1944, Bankmed has been at the forefront of Lebanese banking institutions, maintaining a prominent position as a leading, dynamic, and socially responsible bank with a firm commitment to Corporate Social Responsibility. The bank enjoys a widespread presence over the Lebanese territory through a network of 62 branches in addition to a strong international existence in Switzerland, Turkey, Saudi Arabia, Iraq, Cyprus, and the Dubai International Financial Center (DIFC). Bankmed offers its clients a wide range of innovative products and quality services.
Bankmed takes pride in World Finance recognition, which serves as an incentive toward greater achievements in the coming years.
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