Syria Gulf Bank has won the prestigious The Banker magazine award for the Best Bank in Syria 2009. The award follows a highly successful year for the bank with the opening of five new branches and an increase in its operating income of 188 per cent for the third quarter of 2009.

The Banker magazine is one of the UK’s leading financial journals and its annual awards celebrate the best bank in 144 different countries across the world. In making their award, the judges said that Syria Gulf Bank (SGB) has “combined excellence with market-leading products and a strong visual identity that has created brand recognition and a close relationship with its consumers.”

Speaking about the award, SGB’s Chairman, Masaud Hayat said:

“We’re delighted that our efforts have been rewarded by such a prestigious title as The Banker. We have worked very hard this year to capitalize our market position, build our brand and improve our customer service.

I would like to thank everyone at SGB for their contribution to our success.”