Abu Dhabi: National Bank of Abu Dhabi (NBAD) has been ranked 25th among the world’s 50 safest banks by Global Finance, an international financial magazine.
This year the bank climbed 10 positions from 35th spot last year. In addition, NBAD remains the safest bank in the Middle East and Emerging Markets.
Global Finance’s annual ranking of the World’s 50 Safest Banks is a recognised and trusted standard of creditworthiness for the entire financial world.
“This recognition reflects the successful execution of our strategy and our continuous focus on safety. NBAD’s strong credit ratings combined with the Bank’s ranking amongst the World’s 50 Safest Banks will serve us well as we execute our strategic growth objectives across the West-East Corridor,” Alex Thursby, the Group Chief Executive Officer of NBAD.
Global Finance selects banks for this list through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s, and Fitch—and total assets of the 500 largest banks worldwide.
“With geopolitical risk rising in some markets and globalisation continuing apace, it is essential for companies to work with banking partners they know they can trust. This ranking offers companies an objective tool for evaluating the stability and security of the world’s banks — both globally and by region,” says Joseph D. Giarraputo, Publisher of Global Finance.
