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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% ...
Aug 4, 2023 · Banks from 4 Arab countries seek to invest in Lebanon banks. August 4, 2023 at 12:22 pm. A clerk counts banknotes at a currency exchange office in Lebanon’s capital Beirut, [JOSEPH EID/AFP via ...
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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 ...
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.
Jun 16, 2021 · Doha, 16 June, 2021 - QNB Group, the largest financial institution in the Middle East and Africa, topped the ranking of the Forbes’s ‘Top 50 Banks in the Middle East’ list featuring the region’s banking giants that help drive the region’s economies. QNB Group hit first place with sales of $13.5 billion sales and profits totaling $3.3 ...
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.
