Emirates NBD rated 3rd largest Arab bank

Dubai-based Emirates NBD was the third largest Arab bank by assets at the end of 2012 while a Qatari bank came first and one from Saudi Arabia was second.

Banking data showed ENBD’s assets stood at $84 billion at the end of 2012, nearly 3.6 per cent of the combined assets of $2.3 trillion in the largest 100 Arab banks.

The figures by the Beirut-based Union of Arab Banks (UAB), which group most commercial banks in the Arab region, showed16 UAE banks were among the largest 100 Arab banks at the end of 2012.

Qatar National Bank (QNB) topped the list by assets, which stood at $100.7 billion, followed by National Commercial Bank of Saudi Arabia, with $92 billion.

National Bank of Abu Dhabi came 4th with around $81.8 billion while Iraq’s Rafidain Bank came 5th with around $75.8 billion.

Al Rajhi Bank of Saudi Arabia 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.

The Saudi American Bank group (SAMBA) emerged as the 8th largest bank with assets of $53.1 billion, followed by National Bank of Egypt with around $53 billion and Kuwait Finance House with $52.5 billion.

Other major banks from the UAE included the Abu Dhabi Commercial Bank, First Gulf Bank and Dubai Islamic Bank, according to UAB.

The figures showed the combined assets of the 100 largest Arab banks totaled around $2.3 trillion at the end of 2012 while deposits with their stood at $1.6 trillion, loans and advances at $1.15 trillion and capital at about $260 billion.

“Those 100 banks are spread among the Arab countries 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.”

The report showed the largest number of those banks is concentrated in the Gulf countries (56 banks). The size of the assets of these 56 Gulf banks among the top 100 Arab banks stood at about $ 1.3 trillion, nearly 81 per cent of the total.

It showed the largest 10 banks controlled around $723 billion in assets, nearly 28 per cent of the total assets of the 100 top banks. Their deposits were put at $494 billion, or around 31.6 per cent, and loans at $382 billion, nearly 26 per cent. The combined shareholders equity of the 10 largest banks stood at $76 billion, nearly 24 per cent.

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