SAFEST EMERGING MARKET BANKS IN THE MIDDLE EAST 2011
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Global Finance names the Safest Emerging Market Banks 2011 in the Middle East

 

Safest_Banks_2011

NEW YORK, November 3, 2011 — Global Finance magazine (GFmag.com) has named the top 12 “Safest Emerging Market Banks in the Middle East” in an exclusive survey to be published in the December 2011 issue. The banks were selected through a comparison of the long-term credit ratings and total assets of the largest banks. Ratings from Moody’s, Standard & Poor’s and Fitch were used.

 

The full report covers the safest banks in Central and Eastern Europe, Asia, the Middle East, Latin America and Sub-Saharan Africa. “For companies looking to expand into new markets, choosing the right banking partner is critical,”says Global Finance publisher Joseph D. Giarraputo.“This ranking is an invaluable tool for companies to evaluate institutional strength in fast-growing emerging markets.”

 

For editorial information please contact: Andrea Fiano, Editor, email: afiano@gfmag.com

 

SAFEST EMERGING MARKET BANKS 2011 IN THE MIDDLE EAST
1 National Bank of Abu Dhabi (UAE) 7 Riyad Bank (Saudi Arabia)
2 National Bank of Kuwait (Kuwait) 8 Abu Dhabi Commercial Bank (UAE)
3 Qatar National Bank (Qatar) 9 Kuwait Finance House (Kuwait)
4 SAMBA Financial Group (Saudi Arabia) 10 SABB (Saudi Arabia)
5 National Commercial Bank (Saudi Arabia) 11 Banque Saudi Fransi (Saudi Arabia)
6 Al Rajhi Bank (Saudi Arabia) 12 Union National Bank (UAE)