Safest Banks in Middle East

Following are the top rated safest banks in the Middle East:

National Bank of Kuwait (NBK)
- NBK has been known as ‘The Bank You Know And Trust’. It boasts the largest overseas branch network spanning many of the world financial and business centers.
- Ranked as the No. 1 safest bank in the Middle East by the Global Finance magazine in 2010.
- It was also named the Best Bank in the Middle East (2008 - 2010) and Best Bank in Kuwait (2002 - 2010) by Euromoney.

National Bank of Abu Dhabi (NBAD)
- It is the Number One Bank in the UAE, has been ranked among the ‘World’s 50 Safest Banks in 2010’ by Global Finance for the second consecutive year. The rankings were selected through a comparison of the long-term credit ratings and total assets of the 500 largest banks around the world. Ratings from Moody’s, Standard & Poor’s and Fitch were used.
- NBAD is rated senior long term/short term A+/A-1 by Standard and Poor’s, Aa3/P1 by Moodys and AA-/F1+ by Fitch.

Samba Financial Group
- Samba Financial Group was ranked second highest Arab bank in terms of 2009 profits and highest rated Saudi bank by international rating agencies.
- Samba Financial Group (Saudi Arabia) has been ranked among the top 3 Safest Banks in the Middle East by Global Finance.
- Samba was the first bank to establish a dedicated Investment Department, introduced the first local equity fund and the first fund, (SAIF), open to overseas investors and listed on the London Security Exchange.

Qatar National Bank (QNB)
- QNB is the highest rated bank in Qatar with the widest coverage and has a rating from Moody’s, Standard and Poor’s, Capital Intelligence, and Fitch.
- QNB has won The Ship Finance Award at the Seatrade Middle East and Indian Subcontinent Awards, held in Dubai.
- It has been awarded the prestigious Euro STP Excellence Award 2008 by Deutsche Bank for the second consecutive year.

* Next: Top Largest Banks in Middle East
0 comments: