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Middle Eastern Awards for Excellence

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.

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