Press Release: Global Finance Names The 50 Safest Banks In The Middle East 2016

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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.

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.