Global Finance ranks the 10 Biggest Banks in the Middle East
NEW YORK, December 6, 2010 — As the world's key emerging markets continue to drive the global economy out of recession, Global Finance unveils its third annual Global Finance 200, the definitive list of the biggest banks in the emerging markets. As well as detailing the 200 biggest emerging market banks by asset size, Global Finance also identifies the biggest banks in each emerging market region - Asia, Latin America, Central & Eastern Europe, the Middle East and Africa.
The full list and supporting data will be published in the January 2011 issue and on the magazine's website GFmag.com. "This year's results show that almost two years into the storm that many believed would send the emerging markets into a tailspin, the leading banks of the developing world are proving bigger, stronger and more resilient than ever," said Joseph Giarraputo publisher and editorial director of Global Finance.
Global Finance assembled the list with the help of Bankersalmanac. The basis of all the rankings is the size of total assets, i.e., the balance sheet total, as of the end of 2009. All figures have been converted into US dollars at the rate applicable at the date of that balance sheet. Great care has been taken to ensure the information's accuracy, but Bankersalmanac.com and Global Finance can accept no responsibility for any losses or damages arising from any errors or omissions. These bank rankings are based on and compiled from balance sheet information held by Bankersalmanac on September 21, 2010, and additional research by Global Finance.
|Rank||Bank Name & Country|
|1||Emirates NBD - UAE|
|2||The National Commercial Bank - Saudi Arabia|
|3||Bank Melli Iran - Iran|
|4||National Bank of Abu Dhabi - UAE|
|5||Arab Bank - Jordan|
|6||Samba Financial Group - Saudi Arabia|
|7||Qatar National Bank - Qatar|
|8||Riyad Bank - Saudi Arabia|
|9||Al Rajhi Banking and Investment Corp - Saudi Arabia|
|10||10 National Bank of Kuwait - Kuwait|
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