Deutsche Bank announced on Monday that HH Sheikh Mohammed bin Rashid al Maktoum Patrons of the Arts Awards has honoured the Bank as “Supporter of the Art” for its contribution to the Art in Dubai during 2011. This is the third consecutive year Deutsche Bank has achieved this recognition.

The award recognized Deutsche Bank’s support through its Middle East Foundation for Art initiatives in the United Arab Emirates and particularly in Dubai. In 2011, Deutsche Bank sponsored many art projects including an open air display of 25 balancing sculptures dotted across the International Financial Centre in Dubai and Emirates Palace in Abu Dhabi. In addition, Deutsche Bank supported many local art galleries during their exhibitions and is one of Dubai’s Concert Committee main sponsors.

Commenting on the award, Philippe Vollot, Chairman of the Deutsche Bank Middle East Foundation and the Bank’s regional Chief Operating Officer, said “We are very pleased to receive this prestigious award. Promoting contemporary art is part of our social responsibility commitment in the Middle East and especially in the United Arab Emirates. Being one of the world’s biggest corporate art collector with more than 50,000 paintings supporting arts is within our DNA.”

Established in 2008, The Deutsche Bank Middle East Foundation is one of the Bank’s foundations around the globe such as Asia, Africa and the Americas. In addition, Deutsche Bank has active CSR programs across Europe and the UK. The Deutsche Bank Middle East Foundation focuses on funding investments in arts, education, community development, sustainability, and volunteering in the Middle East North Africa region.

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