Standard and Poors affirms Mashreq 'A/A-1' rating

About Mashreq
Mashreq is the largest private bank in the UAE and also the second oldest. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts it was the first to launch such products as travellers' cheques, credit cards and ATMs.

It is invariably among the highest performing banks in the region. In the third quarter of 2008 it recorded a Net Profit of over AED 1.5 billion with total assets standing at AED 94 billion.

Mashreq has received numerous international awards, particularly for quality management. According to independent research it has more ISO certifications than any bank in the region by a wide margin. It's most recent acknowledgement was the Best Bank in the UAE 2008, from Euromoney.

As a leading financial Institution in the UAE Mashreq aims to be world class in every facet of its business, including its social responsibility to the community it serves. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.

For more information, please call:
Saad Hakim
Event & PR Manager, Mashreq
04/6083603
050/8119923

For media information, please contact:
Nancy D'Souza
Account Executive
Gulf Hill & Knowlton
Tel: 04 334 4930

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