Global Finance names the Safest Banks in the Middle East and Africa: April 2013
NEW YORK, February 26, 2013 — Global Finance magazine (GFmag.com) has named the top 10 Safest Banks in the Middle East and Africa: April 2013 in an exclusive survey to be published in the April 2013 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/Africa, North America, Latin America and Australasia. “In the current climate, corporate CFOs and treasurers are continuously evaluating their counterparties to ensure that the financial institutions with which they work in diverse regions of the world are the safest and soundest,“ says Global Finance publisher Joseph D. Giarraputo. “ Global Finance’s Safest Banks ranking provides an independent analysis of each region’s banks that companies can use as a tool to benchmark their counterparties.”
For editorial information please contact: Andrea Fiano, editor, email: afiano@gfmag.com
| 1 | National Bank of Abu Dhabi | 6 | Al Rajhi Bank |
| (UAE) | (Saudi Arabia) | ||
| 2 | National Bank of Kuwait | 7 | Riyad Bank |
| (Kuwait) | (Saudi Arabia) | ||
| 3 | Qatar National Bank | 8 | Abu Dhabi Commercial Bank |
| (Qatar) | (UAE) | ||
| 4 | SAMBA Financial Group | 9 | Kuwait Finance House |
| (Saudi Arabia) | (Kuwait) | ||
| 5 | National Commercial Bank | 10 | Banque Saudi Fransi |
| (Saudi Arabia) | (Saudi Arabia) |