SAFEST BANKS IN THE MIDDLE EAST 2012
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Global Finance names the Safest Banks in the Middle East: April 2012

 

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NEW YORK, March 1, 2012Global Finance magazine (GFmag.com) has named the top 10 “Safest Banks in the Middle East: April 2012” in an exclusive survey to be published in the April 2012 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 Western Europe, Central and Eastern Europe, Asia, the Middle East, North America, Latin America and Australasia. “More than ever, customers around the world are viewing long-term creditworthiness as the key feature of the banks with which they do business,” says Joseph D. Giarraputo, publisher of Global Finance. “These banks have solid capital positions and superior risk management capabilities.”

 

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

 

Safest Banks in the Middle East: April 2012
1. National Bank of Abu Dhabi
(UAE)

*Tie 7. Abu Dhabi Commercial Bank

(UAE)

2. National Bank of Kuwait
(Kuwait)
*Tie 7. Kuwait Finance House
(Kuwait)
3. Qatar National Bank
(Qatar)
*Tie 8. SABB
(Saudi Arabia)
4. SAMBA Financial Group
(Saudi Arabia)
*Tie 8. Bank Saudi Fransi
(Saudi Arabia)
5. National Commercial Bank
(Saudi Arabia)

9. Union National Bank

(UAE)

*Tie 6. Al Rajhi Bank
(Saudi Arabia)
10. First Gulf Bank
(UAE)
*Tie 6. Riyad Bank
(Saudi Arabia)

 *A tie is assigned when two banks with the same score have total assets within a $5 billion range.