Global Finance ranks National Bank of Abu Dhabi 35th in the world
Canadian banks are once again the best performing in North America, with six banks in the top 50
Dubai: National Bank of Abu Dhabi (NBAD) has been named the safest bank in the Middle East by Global Finance, a leading finance publication, which ranked the Abu Dhabi-based lender 35th safest in the world.
Four GCC banks have been ranked amongst the top 50 global list.
Canadian banks are once again the best performing in North America, with six banks in the top 50. But now US institutions are catching up, also boasting six banks in the top 50. Banks from Singapore are the strongest in Asia, as are those from Chile in Latin America. Once again the safest banks in Europe have explicit guarantees from AAA-rated governments. Development banks represent a large contingent of the Top 50.
“Bank ratings are not yet showing the impact of either the slowdown in emerging economies or the more sustained recovery in developed countries,” the report said. “Some banking market instability seems to be moving from the West to certain countries in the East, and companies are keeping a close eye on the solidity and reliability of their counterparties worldwide.
“In Global Finance’s Safest Banks ranking, the number of emerging markets banks in the top 50 is slowly growing. The number of triple-A banks has not changed and it is pretty limited, as many countries have lost their top sovereign rating and no new ones have reached that level yet,” says Global Finance publisher Joseph D. Giarraputo. “This ranking offers companies an objective tool for evaluating the world’s banks — both globally and by region,” Giarraputo notes. “Those institutions that top our ranking of the Safest Banks continue to show strength in trying times.”
NBAD and National Bank of Kuwait lead the rankings in the Middle East and Africa, and have the same credit ratings. They are ranked here according to their assets. “Saudi Arabian banks perform very well again this year, taking six of the top 10 positions,” a spokesperson said.
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 163 countries. Its circulation is audited by BPA.
Global Finance names the world’s 50 safest banks in 2013
(name and country)
1 KfW - Germany
2 Bank Nederlandse Gemeenten - Netherlands
3 Zürcher Kantonalbank - Switzerland
4 Landwirtschaftliche Rentenbank - Germany
5 L-Bank - Germany
6 Nederlandse Waterschapsbank - Netherlands
7 Caisse des Dépôts et Consignations - France
8 NRW.BANK - Germany
9 Banque et Caisse d’Epargne de l’Etat - Luxembourg
10 Rabobank - Netherlands
11 TD Bank Group - Canada
12 DBS Bank - Singapore
13 Oversea-Chinese Banking Corp - Singapore
14 United Overseas Bank - Singapore
15 Royal Bank of Canada - Canada
16 National Australia Bank - Australia
17 Commonwealth Bank of Australia - Australia
18 Westpac - Australia
19 ANZ Group - Australia
20 Nordea - Sweden
21 Bank of Nova Scotia - Canada
22 Svenska Handelsbanken - Sweden
23 Hang Seng Bank - Hong Kong
24 Caisse centrale Desjardins - Canada
25 HSBC - United Kingdom
26 Sparkassen-Finanzgruppe (Sparkasse) - Germany
27 China Development Bank - China
28 Bank of Montreal - Canada
29 CIBC - Canada
30 Agricultural Development Bank of China - China
31 BNY Mellon - United States
32 Pohjola - Finland
33 CoBank - United States
34 AgriBank - United States
35 National Bank of Abu Dhabi - UAE
36 Korea Finance Corporation - South Korea
37 National Bank of Kuwait - Kuwait
38 BancoEstado - Chile
39 AgFirst - United States
40 DZ Bank - Germany
41 US Bancorp - United States
42 Industrial Bank of Korea - South Korea
43 Korea Development Bank - South Korea
44 Qatar National Bank - Qatar
45 Northern Trust - United States
46 Samba Financial Group - Saudi Arabia
47 Bank of Taiwan - Taiwan
48 Banco de Chile - Chile
49 LGT Bank - Liechtenstei
50 Bank of Tokyo-Mitsubishi UFJ - Japan
World’s safest banks in the Middle East and Africa in 2013
1 National Bank of Abu Dhabi - UAE
2 National Bank of Kuwait - Kuwait
3 Qatar National Bank - Qatar
4 Samba Financial Group - Saudi Arabia
5 National Commercial Bank - Saudi Arabia
6 Al-Rajhi Bank - Saudi Arabia
7 Riyad Bank - Saudi Arabia
8 Abu Dhabi Commercial Bank - UAE
9 Banque Saudi Fransi - Saudi Arabia
10 SABB - Saudi Arabia
