REVEALED: Top 50 banks in the GCC

Gulf’s 50 biggest banks have a combined market cap of more than US$249bn

The Gulf’s 50 biggest banks have a combined market capitalisation of more than US$249bn, an investigation by Arabian Business found.

While the UAE has the highest number of lenders in the rankings, Saudi Arabia and Qatar dominate the top of the list, the findings confirmed.

REVEALED: Click here to see the top 50 banks in the GCC 

The UAE has 18 lenders in the top 50, with a combined market cap of US$46.7bn, or 18.7 percent of the total.

By comparison, Saudi Arabia, which tops the rankings, has just 11 lenders in the top 50 and its total market cap accounts for 34.4 percent of the total.

Similarly, the eight Qatari banks among the top 50 account for 20.1 percent of the top 50 banks’ total market cap.

Bahrain, seen as one of the main lending centres in the Gulf, saw just three lenders entering the top 50, while Kuwait had 11 and accounted for 20.09 percent of total market cap.

Completing the list, Oman saw four of its banks present on the list but only contributed 2.29 percent to total market cap.

REVEALED: Click here to see the top 50 banks in the GCC 

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Posted by: Jezinho

Market capitalisation seems an odd way to compare the size of these banks given that a number of them are either wholly Govt owned or else only have a minority (illiquid) listing. Surely a comparison by either assets or, better still, Tier 1 capital would be more meaningful. And I doubt whether many readers can be bothered to scroll through all 50 pictures one by one. Why not just show the table?

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