Market Insights

Raising a toast to the best

In its third year, International Finance Magazine Awards are a hallmark of the best in the financial services industry. 2016 was a special one for the company which hosted its first ever awards ceremony in Asia Pacific, at the Marina Bay Sands Expo & Convention Centre, Singapore

International Finance Magazine’s grand gala awards night was a star-studded and classy black-tie affair. Held at the sprawling Marina Bay Sands Convention Centre in Singapore on the 16th of December 2016, the ceremony reinforced the high standards of the banking and financial sector of the Asia Pacific region.

Marked by constantly growing indicators of progress, Asia Pacific is touted as one of the next big regions for economic prosperity in the next decade. Singapore, being a financial and technology hub, was the perfect place to host the company’s first award ceremony in the region. The gala night began with a networking session, where C-suite executives and senior management from companies were spotted interacting with one another over hors d’oeuvres and cocktails. The event was graced by four special guests – H.E Dato’ Ilango Karuppannan, High Commissioner of Malaysia – High Commission of Malaysia; Ms. Bayaraa Temuulen, economic attache, Embassy of Mongolia; Ms Nguyen Thi Thu Minh, investment counselor, Vietnam Embassy in Singapore and Ms Arena Sri Victoria, counselor, Embassy of the Republic of Indonesia.

H.E Dato’ Ilango Karuppannan, High Commissioner of Malaysia – High Commission of Malaysia kicked off the ceremony by presenting awards to the first batch of winners –

Bank Rakyat, Malaysia – Best Islamic Bank & Best Managed Bank
Sun Life Malaysia Takaful Berhard, Malaysia – Fastest Growing Takaful Company
Azizi Bank, Afghanistan – Best Banking CEO
Land Bank of the Philippines, The Philippines – Most Socially Responsible Bank
Standard Chartered, Singapore – Best Credit Card 
International Commercial Bank, Laos – Best Retail Bank 
Oman UAE Exchange, Oman – Best Foreign Exchange Provider 
Thai Life Insurance Company Ltd, Thailand – Best Life Insurance Company 
The Bank of East Asia, Hong Kong – Best Mobile Banking 
Cathay United Bank, TaiwanBest Corporate Bank

While an elaborate three-course meal was served, the guests were entertained by master performer and magician Stefan Ebinger. Born and raised in Germany, Ebinger began his career in IT as a project manager and consultant working in Germany, USA and Singapore. His foray into the field of entertainment through magic began in 2002 at company events and private parties. His shows usually include the sleight of hand magic, mind reading infused with a lot of humour and audience participation. Ebinger’s act and a delectable fruity dessert satiated the crowd as they prepared for the next round of awards.

The second set of awards was presented by Ms. Arena Sri Victoria, counselor, Embassy of Indonesia in Singapore –

Land Bank of the Philippines, The Philippines – Best CSR Initiative 
Azizi Bank, AfghanistanBest Customer Service Bank 
Omnipay, The PhilippinesBest MPos Platform 
Philippines National Bank, The PhilippinesMost Innovative Bank 
RCBC Bank Services, The Philippines  Best Card Offering 
Tenger Insurance Company, Mongolia – Best Insurance Company 
CTBC Bank, The Philippines – Best Foreign Retail Bank 
Touch Bank, Russia – Most Innovative Retail Bank 

The third set of awards was presented by Ms Bayaraa Temuulen, economic attaché, Embassy of Mongolia to Singapore –

Land Bank of the Philippines, The PhilippinesMost Innovative Lending Platform
Global IME Bank, NepalBest Internet Bank 
Sacom Bank, Vietnam – Best Internet Bank 
Bank Rakyat, MalaysiaBest Islamic Retail Bank 
BIDV, Vietnam – Best Credit Card
SEA Bank, VietnamMost Innovative Credit Card Services 

And the final set of awards were given away by Ms. Ngyuen Thu Thi Minh, investment counselor, Vietnam Embassy in Singapore –

Sacom Bank, Vietnam – Best Credit Card Offering 
Home Credit, Vietnam – Most Innovative Consumer Finance Company 
BIDV, Vietnam – Best Card Payment Service – POS/ATM 
Bac A Bank, VietnamMost Socially Responsible Bank 
Tan Viet Securities Incorporation, Vietnam – Best Online Trading Platform 
Bank Alfalah, PakistanBest Credit Card Offering 
SEA Bank, Vietnam – Most Active Banking Leader of the Year 
Standard Chartered, BangladeshBest Foreign Exchange Bank 

Peers and competitors, for a few hours, set aside their competitive differences and celebrated each other’s accomplishments at the IFM Awards.

Do keep an eye out for the EMEA edition of IFM’s Awards, held in Dubai, in the second issue of Market Insights.

MI Newsdesk

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