CBD bags the "New Product Innovation Award" by the Banker Middle East Industry Awards 2008

The award was received by Faisal Galadari - General Manager Business Group from Dominique De Sousa - Chairman of CPI Financial in the presence of Nigel Rodrigues - CEO of CPI Financial.

On receiving the award, Mr. Galadari said: "This prestigious award for CBD is yet another milestone in line with our vision to lead the way to greater economic and social prosperity."

Galadari continued: "When developing our products and processes, the creative team at CBD continues to meet the changing needs of customers. The Bank strives to offer both excellent customer service alongside competitively priced innovative products. This approach ensures that we remain a strong choice for customers."

Faisal Galadari remarked, "The winning of this accolade highlights CBD's efforts and enthusiasm in developing our products, based on customer needs especially our unique mortgage home loan solution. With the continuous steady growth in the economy, the real estate market in Dubai is growing at an exceptional rate. We are constantly monitoring the changing needs of the market to introduce new and innovative products. Our mortgage loan offers a tailor-made solution for each of our customers to help them realize their dreams of owning a home much earlier in their lives without compromising on their lifestyle."

In his concluding statement Mr. Galadari stated: "We realize that only a single-minded focus on product quality and innovation has helped us achieve this award. It is extremely gratifying that our efforts towards providing customer convenience have been appreciated both nationally and internationally. With the innovative products becoming increasingly competitive in the market, it is a huge honour for CBD to have bagged "New Product Innovation Award."

Crossing yet another milestone in our pursuit for excellence, CBD has won the Dubai Quality Award 2007 - Gold Category in April this year.