Al Rajhi Bank and National Bank of Egypt have emerged as the strongest bank in the Middle East and Africa respectively. Across the region, the average ROA of banks fell to 0.9% in 2020 from 1.6% in the year earlier, while their capitalisation remained robust
November 22, 2021 | Wendy WengThe combined net profit of the 200 largest banks in the Middle East and Africa in terms of total assets slipped 36% in 2020, according to The Middle East and Africa 200 (MEA200) 2021, an evaluation of the 200 largest commercial banks and financial holding companies (banks) in the Middle East and Africa for 2020, with a March 2021 cutoff.
This year’s evaluation covers banks from 16 countries, namely Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) in the Middle East and Algeria, Egypt, Ghana, Kenya, Mauritius, Morocco, Nigeria and South Africa in Africa. They are ranked according to asset size and overall strength.
Saudi Arabia-based Al Rajhi Bank and National Bank of Egypt are the strongest banks in the Middle East and Africa respectively. This is based on a detailed and transparent scorecard that ranks banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
Al Rajhi Bank enjoyed the highest return on assets (ROA) among all the Middle Eastern banks on the list, at 2.5%. Its asset quality remained strong, as reflected by the low gross non-performing loan (NPL) ratio of 0.76% and high loan loss reserves (LLRs) to gross NPLs ratio of 306%. National Bank of Egypt registered strong balance sheet growth and demonstrated good asset quality and a strong liquidity position.
Five of the seven African banks in the top 20 moved up the ranks
The top 20 largest banks in the Middle East and Africa comprise five Saudi Arabian banks, four South African banks, four UAE banks, two Egyptian banks, two Kuwaiti banks and one each from Jordan, Morocco and Qatar. Qatar National Bank and First Abu Dhabi Bank retained their positions as the top two largest banks in the region, with total assets of $282 billion and $250 billion respectively at the end of 2020. Emirates NBD and...
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Al Rajhi Bank and National Bank of Egypt have emerged as the strongest bank in the Middle East and Africa respectively. Across the region, the average ROA of banks fell to 0.9% in 2020 from 1.6% in the year earlier, while their capitalisation remained robust
November 22, 2021 | Wendy WengThe combined net profit of the 200 largest banks in the Middle East and Africa in terms of total assets slipped 36% in 2020, according to The Middle East and Africa 200 (MEA200) 2021, an evaluation of the 200 largest commercial banks and financial holding companies (banks) in the Middle East and Africa for 2020, with a March 2021 cutoff.
This year’s evaluation covers banks from 16 countries, namely Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) in the Middle East and Algeria, Egypt, Ghana, Kenya, Mauritius, Morocco, Nigeria and South Africa in Africa. They are ranked according to asset size and overall strength.
Saudi Arabia-based Al Rajhi Bank and National Bank of Egypt are the strongest banks in the Middle East and Africa respectively. This is based on a detailed and transparent scorecard that ranks banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
Al Rajhi Bank enjoyed the highest return on assets (ROA) among all the Middle Eastern banks on the list, at 2.5%. Its asset quality remained strong, as reflected by the low gross non-performing loan (NPL) ratio of 0.76% and high loan loss reserves (LLRs) to gross NPLs ratio of 306%. National Bank of Egypt registered strong balance sheet growth and demonstrated good asset quality and a strong liquidity position.
Five of the seven African banks in the top 20 moved up the ranks
The top 20 largest banks in the Middle East and Africa comprise five Saudi Arabian banks, four South African banks, four UAE banks, two Egyptian banks, two Kuwaiti banks and one each from Jordan, Morocco and Qatar. Qatar National Bank and First Abu Dhabi Bank retained their positions as the top two largest banks in the region, with total assets of $282 billion and $250 billion respectively at the end of 2020. Emirates NBD and...
Categories:
Asian Banker 500Keywords:
