Awards for excellence - Regional awards - Middle East
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Awards for excellence - Regional awards - Middle East

In a closely-fought contest, Gulf International Bank wrests back its crown as best bank in the Middle East. Morgan Stanley is top in a growing debt market. Julian Marshall

Best bank:

Gulf International Bank

Best debt house:

Morgan Stanley

Best equity house:

UBS Warburg

Best M&A house:

Salomon Smith Barney

Best at transaction services:


Best at risk management and treasury:


This year Gulf International Bank reclaims the best bank award from its closest rival, National Bank of Kuwait. Again these two contested closely but GIB takes the award.

Jagdish Rao

One leading analyst covering the region points out: "If you're looking at the dominant regional performer, then GIB comes out ahead of NBK. It is particularly strong in wholesale banking but is improving in other areas as well."

These include investment banking, where it is adding to its product range following its acquisition of Saudi International Bank two years ago. GIB has also been developing its project finance franchise.

GIB's earnings in 2000 regained momentum, following an 18% decline in 1999 related to merger costs.

Gift this article