GLOBAL FINANCE names National Bank of Abu Dhabi and National Bank of Kuwait the World's Safest Banks 2012 in the Middle East
NEW YORK, August 16, 2012 — Global Finance magazine ( GF mag.com) has named the Safest Banks in the Middle East in an exclusive survey to be published in the October 2012 issue. Winners were selected through an evaluation of long-term credit ratings—from Moody's, Standard & Poor's and Fitch—and total assets of the 500 largest banks worldwide.
National Bank of Abu Dhabi and National Bank of Kuwait lead the rankings in the Middle East and Africa, and have the same credit ratings. They are ranked here according to their assets.
Saudi Arabian banks perform very well again this year, taking six of the top eleven positions.
The full report evaluates 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
| 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. |
Banque Saudi Fransi (Saudi Arabia) |
| 5. |
National Commercial bank (Saudi Arabia) |
11. |
SABB (Saudi Arabia) |
| 6. |
Al Rajhi Bank (Saudi Arabia) |
12. |
Union National Bank (UAE) |
PR date: Global Finance Magazine August 16, 2012 / Ratings current as of July 30, 2012