Global Finance
names the Safest Banks in the Middle East: April 2012
NEW YORK, March 1, 2012
Global Finance
magazine (
GFmag.com
) has named the top 10 Safest Banks in the Middle East: April 2012 in an exclusive survey to be published in the April 2012 issue. The banks were selected through a comparison of the long-term credit ratings and total assets of the largest banks. Ratings from Moodys, Standard & Poors and Fitch were used.
The full report covers the safest banks in Western Europe, Central and Eastern Europe, Asia, the Middle East, North America, Latin America and Australasia. More than ever, customers around the world are viewing long-term creditworthiness as the key feature of the banks with which they do business, says Joseph D. Giarraputo, publisher of
Global Finance
. These banks have solid capital positions and superior risk management capabilities.
For editorial information please contact: Andrea Fiano, Editor, email:
afiano@gfmag.com
|
1. National Bank of Abu Dhabi |
|
|
2. National Bank of Kuwait |
*Tie 7. Kuwait Finance House |
|
3. Qatar National Bank |
*Tie 8. SABB |
|
4. SAMBA Financial Group |
*Tie 8. Bank Saudi Fransi |
|
5. National Commercial Bank |
|
|
*Tie 6. Al Rajhi Bank |
10. First Gulf Bank |
|
*Tie 6. Riyad Bank |
*A tie is assigned when two banks with the same score have total assets within a $5 billion range.
