Bahraini Banks outside List of Safest banks in Middle East
2018-11-11 - 2:44 am
Bahrain Mirror: The list of safest banks in the Middle East was free from any Bahraini institution, although the kingdom includes dozens of local, regional and international banks.
According to "Mubasher" report, the First Abu Dhabi Bank came in the first spot in list of safest banks in the Middle East, with total assets of $185.15 billion, according to Global Finance magazine.
The magazine said that the UAE banks are well represented in their classification, as there are 6 banks in the list of top 15 banks, and 12 others in the list of best 50 banks.
It confirmed that the UAE banks have good capital (higher than the requirements of the Central Bank), show a sustainable profitability, but weak assets quality.
The National Bank of Kuwait was ranked second in the list with assets estimated at $86.28 billion.
However, Qatar National Bank was ranked third with assets estimated at about $222.82 billion.
Abu Dhabi Commercial Bank was ranked fourth with $72.16 billion assets. Meanwhile, Kuwait Finance House occupied the fifth rank with assets estimated at about $57.52 billion, followed by the Union National Bank with assets of $29.27 billion.
Al Hilal Bank came in the seventh rank in the list with $12.19 billion, followed by Abu Dhabi Islamic Bank with assets estimated at about $33.56 billion.
The ninth rank was occupied by National Bank of Kuwait with $14.45 billion assets.
As for the Saudi banks, Al Rajhi bank came in the 23rd rank in the list with about $91.49 billion assets, followed by Samba Financial Group with $60.69 billion assets.
Banque Saudi Fransi occupied the 25th rank with assets estimated at about $51.44 billion, followed by the Saudi British bank with assets estimated at about $50.03 billion.