Press Release: The Safest Banks In The Middle East And Africa 2016

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.

Ratings current as of August 9, 2016