Ben T. Smith IV, a longtime Silicon Valley executive and currently head of the Communications, Media and Technology practice at Kearney, speaks to Global Finance about the post-SVB venture capital industry and the pace of innovation.
Many of the world's richest countries are also the world's smallest: the pandemic and the global economic slowdown barely made a dent in their huge wealth.
Global Finance editor Andrea Fiano interviews Ásgeir Jónsson, Central Bank Governor of Iceland during Global Finance's World's Best Bank Awards at the National Press Club in Washington, DC on October 15th.
NEW YORK, Sept. 19, 2016 — Global Finance has named the 50 Safest Banks in the Middle East for 2016 as part of its 25th annual World’s Safest Banks rankings. This is the first time the publication has published such an extensive list focused on the Middle East region, where plummeting oil prices have changed the landscape.
In addition to the 50 Safest European Banks, the full report also includes the following: World’s 50 Safest Banks, World’s 50 Safest Commercial Banks, Safest Banks by Country, 50 Safest Banks in Emerging Markets, 50 Safest Banks in the Middle East, Safest Chinese Banks, Safest Islamic Financial Institutions in the GCC, and Safest Banks by Region (Asia, Australasia, Central & Eastern Europe, Latin America, Middle East/Africa, North America and Western Europe). The report will also compare the 2016 Safest Banks against our rankings from 5 and 10 years ago.
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.
“Middle East banking has grown tremendously in recent years, and Global Finance has been there to cover it, from technology advances to the spread of Islamic finance products. This year’s ranking goes more deeply than previous years to provide investors and interested parties with a more complete analysis of the industry in the region,” says Joseph Giarraputo, publisher and editorial director of Global Finance.
Rank
Bank Name
Country
1
National Bank of Abu Dhabi
UAE
2
Qatar National Bank
Qatar
3
National Bank of Kuwait
Kuwait
4
Abu Dhabi Commercial Bank
UAE
5
Union National Bank
UAE
6
Al Hilal Bank
UAE
7
First Gulf Bank
UAE
8
Kuwait Finance House
Kuwait
9
Abu Dhabi Islamic Bank
UAE
10
Al Ahli Bank of Kuwait
Kuwait
11
Ahli United Bank (Kuwait)
Kuwait
12
Barwa Bank
Qatar
13
Qatar International Islamic Bank
Qatar
14
Ahlibank
Qatar
15
International Bank of Qatar
Qatar
16
Doha Bank
Qatar
17
Gulf Bank
Kuwait
18
National Commercial Bank
Saudi Arabia
19
Emirates NBD
UAE
20
Al Rajhi Bank
Saudi Arabia
21
SAMBA Financial Group
Saudi Arabia
22
Qatar Islamic Bank
Qatar
23
Commercial Bank of Qatar
Qatar
24
Al Khaliji Bank
Qatar
25
Commercial Bank of Kuwait
Kuwait
26
Bank Hapoalim
Israel
27
Bank Leumi
Israel
28
Riyad Bank
Saudi Arabia
29
SABB
Saudi Arabia
30
Banque Saudi Fransi
Saudi Arabia
31
Burgan Bank
Kuwait
32
Boubyan Bank
Kuwait
33
Gulf Investment Corporation
Kuwait
34
Arab National Bank
Saudi Arabia
35
Dubai Islamic Bank
UAE
36
Saudi Hollandi
Saudi Arabia
37
Sharjah Islamic Bank
UAE
38
Warba Bank
Kuwait
39
Mashreq Bank
UAE
40
Saudi Investment Bank
Saudi Arabia
41
Gulf International Bank
Bahrain
42
Bank Aljazira
Saudi Arabia
43
Commercial Bank of Dubai
UAE
44
National Bank of Fujairah
UAE
45
RakBank
UAE
46
Bank Muscat
Oman
47
Ahli United Bank
Bahrain
48
Bank Dhofar
Oman
49
National Bank Of Oman
Oman
50
Bank ABC
Bahrain
Ratings current as of August 9, 2016
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 29 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 2016 logo, please contact:
Chris Giarraputo | chris@gfmag.com
The unauthorized use of Global Finance Award logos is strictly prohibited.
No comments yet