Saudi Arabian lenders make gains in the Top 1000

Gulf country's banks are the main regional gainers in this year’s ranking, as loan books continued to rise healthily.

by The Banker Editorial

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In a challenging year for Middle East lenders which saw impairments rise across the board, Qatar National Bank (QNB) just held onto the title of best-performing Middle East bank in The Banker’s Top 1000 World Banks ranking for 2021.

QNB — whose profits dropped by more than 16% — saw its Tier 1 capital rise by 3.3% in 2020, compared with 10.4% the previous year.

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