Global Finance names the World’s Safest Banks 2011 in the Middle East
NEW YORK, August 18, 2011 — Global Finance magazine (GFmag.com) has named the top 10 Safest Banks in the Middle East in an exclusive survey to be published in the October 2011 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.
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) |
Tie* 6 |
Al Rajhi Bank (Saudi Arabia) |
| 2 |
National Bank of Kuwait (Kuwait) |
Tie* 6 |
Riyad Bank (Saudi Arabia) |
| 3 |
Qatar National Bank (Qatar) |
7 |
Abu Dhabi Commercial Bank (UAE) |
| 4 |
SAMBA Financial Group (Saudi Arabia) |
8 |
Kuwait Finance House (Kuwait) |
| 5 |
National Commercial Bank (Saudi Arabia) |
9 |
Saudi British Bank (Saudi Arabia) |
*A tie is assigned when two banks with the same score have total assets withina $5 billion range.
PR date: Global Finance magazine August 18, 2011
Ratings as of: August 11, 2011