Regional Awards for Excellence 2014: Middle East
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Regional Awards for Excellence 2014: Middle East

Best bank in the Middle East

This is no longer a straightforward award to give. There are at least five homegrown houses that can make a good case to be the best in the region.

There are two models to consider: the truly regional bank, for which the clear majority of business takes place outside the home base, and those banks that have grown across the region from a position of domestic dominance in an important market. In the first category come Arab Bank, headquartered in Jordan, and Ahli United Bank, in Bahrain; in the latter, Kuwait’s NBK, QNB, and to an extent Saudi Arabia’s Al Rajhi and (certainly one to watch for the future as Alex Thursby’s west-east strategy gets under way) National Bank of Abu Dhabi.

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