Saudi Arabia’s National Commercial Bank(NCB) rated the second largest Arab bank on Nov 13, 2013 Total Views : 132 Daily Views : 25 No Comments ncbSaudi Arabia’s National Commercial Bank(NCB), also known as AlAhli was the second largest Arab bank by assets at the end of 2012. Qatar National Bank ( QNB ) came first and Dubai-based Emirates NBD retreated to the third rank in the list of the largest Arab banks according to the Beirut-based Union of Arab Banks (UAB). According to the banking data, NCB ’s assets stood at $92 billion at the end of November while those of QNB peaked at $100.7 billion, Emirates 24/7 reported. National Bank of Abu Dhabi, standing at $81.8 billion and Iraq’s Rafidain Bank with $75.8 billion ranked fourth and fifth respectively. Saudi Arabia’s Al Rajhi Bank and National Bank of Kuwait were ranked 6th and 7th, with their assets at the end of 2012 standing at $71.3 billion and 58.6 billion respectively. Saudi American Bank Group’s (SAMBA) was ranked the 8th largest with assets standing at $53.1 billion, followed by National Bank of Egypt with around $53 billion and Kuwait Finance House with $52.5 billion. The combined assets of the 100 largest Arab banks totalled around $2.3 trillion at the end of 2012 and these are spread as follows: 16 banks from the UAE, 12 banks from Saudi Arabia, 10 banks from both Qatar and Lebanon, 9 banks from Egypt, 8 banks from Kuwait, 7 banks from both Bahrain and Morocco, 5 banks from Libya, 4 banks from Algeria, 3 banks from each of Oman, Tunisia and Iraq, two from Jordan, and one from Syria.
Posted on: Thu, 14 Nov 2013 08:20:35 +0000
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