Leading Banks in the UAE

Finance Articles | August 24, 2011

The National Bank of Abu Dhabi (NBAD) is the leading bank in the United Arab Emirates. It is also one of the largest banks in UAE.

NBAD won the “Best Arranger of Middle Eastern Loans” award at Euroweek's eighth Annual Syndicated Loans and Leveraged Finance Awards 2010.

NBAD's long-term ratings are: Standard & Poor's A+, Moody's Aa3, and Fitch AA-, which is one of the strongest combined ratings among the Middle Eastern and North African (MENA) financial institutions.

Emirates NBD is the leading banking group in the region and the biggest banking group in the Middle East in terms of assets. The Group is a major player in the corporate banking arena and has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom and Jersey (Channel Islands), as well as representative offices in India, Iran and Singapore.

Emirates NBD has received many top awards such as the Banker Middle East Award 2010 in the Best Use of Technology, Banker Middle East - Products Award for Best Personal Loan, Best Private Bank in the UAE at the Euromoney Private Banking survey for 2010, to name a few.

Please refer to the site Finance Learners for more information on the largest and safest banks in the world.

Article Tags: Middle East

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

The author, Loke Yuen Wong, holds an MBA from Heriot-Watt University (UK) and a BCom degree from The University of Adelaide (Australia). Other qualifications include the Postgraduate Diploma in Bus. Administration, Diploma in Instructor Skills, Diploma in Inferential Statistics, Group Diploma in Accounting, Group Diploma in Management Accounting, Diploma in TEFL, ACCA CertIFR, Pre-Cert (ES) TESOL, Certificate in TEYL, Certificate in Managing Performance, Certificate in Book-keeping & Accounts and English for Commerce.