The Banker's top Arab banks ranking showed impressive Tier 1 growth among Middle East and north Africa's banks, with the Qatari banking sector leading the way, accounting for three of the top five Arab banks by Tier 1 growth.
The aggregate Tier 1 capital of the 100 Arab banks in The Banker’s Top Arab banks ranking, 2012 has grown by an impressive 15.3%, from $166.9bn at the end of 2010 to $192.5bn at the end of 2011. This is almost double the 8.7% growth seen in last year's ranking.
The Top 100 Arab banks ranking included 28 banks that had experienced double-digit increases in Tier 1, suggesting strong growth in Middle East and north Africa. Just 15 of the 100 banks recorded decreases in Tier 1 compared to last year.
The top five Arab banks by Tier 1 growth are shown in the chart. Three of the five institutions are from Qatar, with Bahrain's Kuwait Finance House Bahrain and United Arab Emirate's Al Hilal Bank making up the list.
The top ranking bank by Tier 1 growth is Qatar National Bank, which recorded nearly 75% growth. It has $8.15bn of Tier 1 capital, placing it second behind Saudi Arabia's National Commerical Bank in the Top Arab banks ranking by Tier 1 capital. National Commerical Bank has $9.15bn of Tier 1 capital and recorded a 10% increase from last year.
For the full story, read Top Arab banks ranking, 2012
