The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards

Awards for Excellence: Middle East

Awards of Excellence

Awards of Excellence: Best in the world

Awards for Excellence: Europe

Awards for Excellence: Nordic region

Awards for Excellence: North America

Awards for Excellence: Latin America

Awards for Excellence: Asia

Awards for Excellence: Africa


Best regional bank: Citibank

Banks in the Middle East are having to confront the same forces of consolidation that have swept across the US and Europe. Individual countries in the region are too small a market for the largest and most dynamic Arab banks but these institutions lack the size and expertise to compete in the global market. The long-term future looks bleak for the many smaller banks that cannot find a niche for their services.

The result will be fewer, more regional Arab banks. Some bankers believe that in a generation there could be as few as four regional Gulf banks and a similar number of specialist financial institutions.

Competition for regional supremacy will be fierce.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree