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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 ...
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% ...
Oct 2, 2023 · United Bank for Africa (UBA), Nigeria’s third-largest lender by assets, was the country’s best performer of the year, with a 13.4% rise in Tier 1 capital and a 17.3% rise in profits. UBA’s strong showing in terms of return on risk, liquidity and asset quality makes it the best Nigerian lender in this year’s African performance ranking ...
Beta: A measure of market risk of an investment option that shows how responsive the investment is to a given market index, such as the Standard & Poor's 500 Index. By definition, the beta of the benchmark is 1.00. An investment with a beta of 1.10 is expected to perform 10% better than the index in up markets and 10% worse in down markets.
Apr 20, 2020 · Iran-based Tejarat Bank (PJSC) and Morocco's Banque Centrale Populaire were new entrants in this year's ranking, landing at the No. 29 and No. 30 spots, respectively. Saudi Arabia has seven banks among the top 30, the most of any country, and these collectively hold assets worth $543.76 billion. It is followed by South Africa, UAE and Israel ...
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.
Qatar National Bank (QPSC) remained the largest bank by assets in the Middle East and Africa region for the sixth consecutive year, S&P Global Market Intelligence's latest regional ranking shows. The Qatari lender had assets worth $286.35 billion as of March 31, 2021, $24.79 billion more than United Arab Emirates-based First Abu Dhabi Bank PJSC, which placed second.
