NEW YORK, Sept. 9, 2015 — Global Finance has named the Safest Banks in the Middle East & Africa in an exclusive survey to be published in the November 2015 issue. Banks were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide.
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National Bank of Abu Dhabi takes the top spot again this year, and Saudi banks performed very well, taking six of the top ten positions.
The full report includes the following rankings: World’s 50 Safest Banks, World’s 50 Safest Commercial Banks, Safest Banks by Country, 50 Safest Banks in Emerging Markets, Safest Islamic Financial Institutions in the GCC, Safest Banks by Region (Asia, Australasia, Central & Eastern Europe, Latin America, Middle East/Africa, North America and Western Europe) and Safest Emerging Markets Banks by Region (Asia and Sub-Saharan Africa).
“The past year has been a rollercoaster for companies and investors, as some of the region’s biggest markets have seen intense volatility and major market changes. Global Finance’s Safest Banks ranking 2015 highlights those banks that have built strong foundations—providing safety and security in this rapidly changing market landscape,” says Global Finance publisher and editorial director Joseph D. Giarraputo. “This ranking is an invaluable tool for companies and investors to evaluate institutional strength.”
Rank |
Bank Name |
Country |
|---|---|---|
| 1 |
National Bank of Abu Dhabi
|
UAE
|
| 2 |
Qatar National Bank
|
Qatar
|
| 3 |
National Bank of Kuwait
|
Kuwait
|
| 4 |
Samba Financial Group
|
Saudi Arabia
|
| 5 |
National Commercial Bank
|
Saudi Arabia
|
| 6 |
Al Rajhi Bank
|
Saudi Arabia
|
| 7 |
Riyad Bank
|
Saudi Arabia
|
| 8 |
Abu Dhabi Commercial Bank
|
UAE |
| 9 |
Banque Saudi Fransi
|
Saudi Arabia
|
| 10 |
SABB
|
Saudi Arabia
|
Ratings current as of August 14, 2015
METHODOLOGY
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.
Its website — GFMag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
For editorial information please contact:
Andrea Fiano | afiano@gfmag.com
To obtain rights to use Global Finance’s World’s Best Banks 2015 logo, please contact:
Chris Giarraputo | chris@gfmag.com
The unauthorized use of Global Finance Award logos is strictly prohibited.
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