Regional Awards for Excellence 2013: Middle East
Euromoney Limited, Registered in England & Wales, Company number 15236090
4 Bouverie Street, London, EC4Y 8AX
Copyright © Euromoney Limited 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Regional Awards for Excellence 2013: Middle East

Best Bank: National Bank of Kuwait
Best Investment Bank: HSBC
Best Debt House: National Bank of Abu Dhabi
Best Equity House: Saudi Fransi Capital
Best M&A House: Barclays Capital
Best Flow House: Deutsche Bank
Best Project Finance House: Standard Chartered
Best Cash Management House: HBSC
Best Risk Adviser: HSBC

Middle East country awards

Outstanding contribution to financial services in the Middle East

After the financial shocks of 2008 and 2009, followed by regional uprisings, confidence at Arab banks appears to be gradually re-emerging.

The immediate future appears less uncertain. From presidential offices to corporate boardrooms, leadership change triggered by the regional financial and political crises has, in many cases, settled down.

Credit is more readily available – from regional as well as global sources. With provisions for crisis-era bad debt already set aside, asset prices have begun to recover, including stock markets from Abu Dhabi to Kuwait and property in Dubai.

True, Gulf banks are far from seeing a return to pre-2009 levels of opportunity for domestic growth in such areas as real estate, despite improved local liquidity. That is reflected in the recent uptick in bank acquisitions outside the Gulf.

But as banks expand regionally, the number of contestants for the title of best regional bank will increase – something that requires decent market shares, rather than single branches, in Middle Eastern markets outside the home jurisdiction.

Gift this article