01/09/2010
Six Saudi safest banks in Mideast
Saudi Arabia topped the GCC as a country with the list of the six safest banks in the Middle East out of ten in the region. The banks descending order in the GCC are Samba Financial Group, Saudi Arabia, Qatar National Bank, National Commercial Bank, Riyad Bank, Al-Rajhi Bank, Saudi Arabia, Kuwait Finance House, Kuwait, Saudi British Bank (SABB), and Banque Saudi Fransi, Saudi Arabia.
National Bank of Kuwait topped the list, followed by National Bank of Abu Dhabi, of the world's safest banks 2010 in the Middle East by Global Finance magazine.
US-based Global Finance Magazine has named the top 10 "Safest Banks in Asia" in an exclusive survey to be published in the October 2010 issue. The banks were selected through a comparison of the long-term credit ratings and total assets of the largest banks. Ratings from Moody's, Standard & Poor's andFitch were used.
