| MIDDLE EAST |
| Best Bank: Arab Bank |
| Best Investment Bank: JPMorgan |
| Best Debt House: HSBC |
| Best Equity House: Morgan Stanley |
| Best M&A House: Credit Suisse |
| Best at Project Finance: Al Rajhi Bank |
| Best at Cash Management: HSBC |
| Best at Risk Management: Deutsche Bank |
Banks in the Middle East know how to cope with a crisis: Lebanese banks’ profit as the country teeters on civil war; Iranian institutions deftly avoid US financial sanctions.
The ability of National Bank of Kuwait to operate during the Gulf war of 1990-91 is another case in point. And in 2008, across the NBK group, as some of the biggest Middle Eastern financial institutions teetered on bankruptcy, almost $1 billion in profit was made.
No bank in the region, though, has more experience of living through crises than Arab Bank.