Press Release: Global Finance Names The 50 Safest Banks In The Middle East 2016

NEW YORK, Sept. 19, 2016 — Global Finance has named the 50 Safest Banks in the Middle East for 2016 as part of its 25th annual World’s Safest Banks rankings. This is the first time the publication has published such an extensive list focused on the Middle East region, where plummeting oil prices have changed the landscape.

In addition to the 50 Safest European Banks, the full report also includes the following: World’s 50 Safest Banks, World’s 50 Safest Commercial Banks, Safest Banks by Country, 50 Safest Banks in Emerging Markets, 50 Safest Banks in the Middle East, Safest Chinese Banks, Safest Islamic Financial Institutions in the GCC, and Safest Banks by Region (Asia, Australasia, Central & Eastern Europe, Latin America, Middle East/Africa, North America and Western Europe). The report will also compare the 2016 Safest Banks against our rankings from 5 and 10 years ago.

Banks were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide.

“Middle East banking has grown tremendously in recent years, and Global Finance has been there to cover it, from technology advances to the spread of Islamic finance products.This year’s ranking goes more deeply than previous years to provide investors and interested parties with a more complete analysis of the industry in the region,” says Joseph Giarraputo, publisher and editorial director of Global Finance.

Ratings current as of August 9, 2016