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NEW YORK, Sept. 14, 2016 — Global Finance has named the Safest Banks in the Middle East and Africa in an exclusive survey to be published in the November 2016 issue as part of the publication’s 25th annual ranking of the World’s Safest Banks.
Banks from the UAE dominate this year’s list, taking the top spot and six positions overall, including four new entries.
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, 50 Safest European Banks, 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 Global Finance’s rankings from 5 and 10 years ago.
“In the past year, the Middle East and Africa have seen landmark political shifts at a time of economic uncertainty. Our ranking of the Safest Banks in the region showcases banks that have built solid foundations—offering security and stability in this rapidly changing environment—and provides a consistent tool for comparing institutional strength within the region,” says Global Finance publisher and editorial director Joseph D. Giarraputo.
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.
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 |
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.
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