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Banks in MENA have emerged stronger from the pandemic crisis, with the top 30 listed players in the region seeing their combined assets grow in value by 13% to hit $2.5 trillion by the end of 2021, compared to $2.3 trillion in 2020, while profits climbed by 37% to over $34 billion. The aggregate market cap of the 30 banks rose to nearly $587 billion as of June 28, 2022, an increase of 23% ...
Apr 26, 2023 · Qatar National Bank (QPSC) remained the largest bank by assets in the region with $323.56 billion, and United Arab Emirates-based First Abu Dhabi Bank PJSC remained in second place with $302.22 billion. For the latest ranking, company assets were adjusted on a best-efforts basis for pending mergers, acquisitions and divestures, as well as the M ...
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Apr 30, 2024 · The Dubai-based lender's assets at the end of 2023 totaled $234.88 billion, according to S&P Global Market Intelligence data, allowing it to reclaim its fourth spot in the ranking of the region's 30 largest banks by assets, ahead of Saudi Arabia-based Al Rajhi Banking & Investment Corp. The bank's asset base swelled last year as its deposit ...
Apr 15, 2024 · Dubai-based Emirates NBD Bank rose by one place to fourth in S&P Global Market Intelligence's ranking of the region's 30 largest banks by assets. It held assets of roughly $234.88 billion at the end of 2023.
Jun 16, 2021 · Qatar’s QNB Group leads the pack at the top spot. As of June 6, 2021, the banks that feature on Forbes Middle East’s list of the “Top 50 Banks In The Middle East” had a total value of $513.6 billion and assets worth $2.5 trillion. That is more than three times the GDP estimate of Saudi Arabia, the region’s largest economy.
Investment Objective. The fund seeks long-term growth of capital by investing primarily in the common stocks of companies located (or with primary operations) in Africa and the Middle East. US Mutual Fund Vendor Indices Disclaimers. US Mutual Fund Vendor Indices Disclaimers.
Aug 3, 2009 · According to those Lebanese banks that are listed both this year and last, total pre-tax profits across the sector were up nearly 27% to $1.1bn. By far the strongest performer in 2009's rankings in terms of profit was Fransabank. Its pre-tax profits increased 53.6% to $110m, compared with the pre-tax profit in 2008's rankings of $71m.
