Eight Kuwaiti Banks Among world's big 1,000Source: www.export-egypt.com 7/26/2016, Location: Middle East |
|
|
|
Some eight Kuwaiti banks have maintained their status among the world's biggest 1,000 in 2015, in the first category of capital, the Union of Arab Banks (UAB) Secretary General Wissam Fattouh has said.
According to an analytical study conducted by the UAB, based on data published by The Banker magazine, there are 85 Arab banks among the world's top 1,000 in terms of the first category of capital, Fattouh told KUNA. The eight banks, respectively as on the list, are the National Bank of Kuwait (NBK), the Kuwait Finance House, Burgan Bank, the Gulf Bank, the Commercial Bank of Kuwait, Al Ahli Bank of Kuwait, the Kuwait International Bank and the Industrial Bank of Kuwait, the UAB chief said. Fattouh noted that the NBK had made remarkable progress on the list moving from the rank of 189 in 2014 to 168 in 2015. The criteria of the first class banks manifest their strength and ability to withstand shocks, in line with the Basel Committee on Banking Supervision, he said. The figures comprised by the UBA study show that the capital of the eight banks rose from USD 21.254 billion in 2014 to USD 22.454 a year later. Their assets hit USD 210.659 billion. According to the study, the Arab banking sector has achieved steady growth over the past years, with assets increasing to USD 3.3 trillion in 2015, and deposits of USD 2.1 trillion. |
|
Financials and Investment News in Kuwait >> |
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
Kuwait Oil & Gas 1 >> 2 | 3 | 4 | 5 | |