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NBAD named in safest list.

MANAMA: Global Finance magazine has completed compiling its annual list of the world's safest banks and will publish details in its October issue.

Ahead of the publication, it has named the 50 safest banks in the world, with Germany's KfW ranked number one.

Only two Middle East banks make it to the top 50 - the National Bank of Abu Dhabi (NBAD) and National bank of Kuwait squeezing in at number 46 and 47 respectively but were first and second on their regional list.

The magazine's survey of the top 10 banks in the Middle East featured five from Saudi Arabia, two each from the UAE and Kuwait and one from Qatar.

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Publication:Gulf Daily News (Manama, Bahrain)
Date:Aug 23, 2011
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