Sep 06 2008 |
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Saudi, UAE banks lead region in terms of total assets
06 September 2008
BEIRUT: The rankings of top regional banks, as compiled by Bank Audi 's Research Department, based on financials ending June 30, 2008, show that Saudi and UAE banks dominate the industry in size. The rankings, sorted by total assets of banks, show that the top 30 Arab banks included seven Saudi banks (led by the National Commercial Bank ) , seven UAE banks (led by Emirates NBD ), four from Kuwait (led by National Bank of Kuwait ), three from Bahrain (led by Arab Banking Corporation ), two from Egypt (led by National Bank of Egypt ), two from Morocco (led by Attijariwafa Bank ), two from Lebanon (led by Bank Audi - Audi Saradar Group ), one from Jordan ( Arab Bank Group ), one from Qatar ( Qatar National Bank) , and one from Libya ( Libyan Foreign Bank ). The banks' ranking by total assets at end-June 2008 showed that UAE's Emirates NBD ranks first with $77.7 billion. Saudi Arabia's National Commercial bank came in the second rank with $60.5 billion at end-June 2008. It was followed by Saudi Arabia's Samba Financial Group with $49.0 billion. - The Daily Star
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