| 01 Sep 2010 |
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Six Saudi safest banks in Mideast
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National Bank of Kuwait topped the list, followed by National Bank of Abu Dhabi, of the world's safest banks 2010 in the Middle East by Global Finance magazine.
MANAMA, Bahrain: Saudi Arabia topped the GCC as a country with the list of the six safest banks in the Middle East out of ten in the region. The banks descending order in the GCC are Samba Financial Group, Saudi Arabia, Qatar National Bank, National Commercial Bank, Riyad Bank, Al-Rajhi Bank, Saudi Arabia, Kuwait Finance House, Kuwait, Saudi British Bank (SABB), and Banque Saudi Fransi, Saudi Arabia.
US-based Global Finance Magazine has named the top 10 "Safest Banks in Asia" in an exclusive survey to be published in the October 2010 issue. The banks were selected through a comparison of the long-term credit ratings and total assets of the largest banks. Ratings from Moody's, Standard & Poor's and Fitch were used.
This is the 11th year Global Finance has named the world's best Internet banks. Details on all first round winners will be published in the September issue. First round winners include best corporate/institutional Internet banks and best consumer Internet banks at the country level. The regional and global winners for these categories will be announced at an awards ceremony in New York City in November and published in the December issue of Global Finance. Also announced were regional winners in sub-categories.
Winners were chosen among entries evaluated by a world-class judging panel. Global Finance editors were responsible for the final selection of winners in the first round.
By MAHMOOD RAFIQUE
© Arab News 2010
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