Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
AfricaAugust 19 2022

The Banker's Top 100 Arab Banks 2022

SNB claims the Arab world’s top spot as post-Covid regional profitability rebounds. John Everington reports.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
The Banker's Top 100 Arab Banks 2022

After being hit by the double whammy of Covid-19 and a collapse in oil revenues in 2020, Arab banks turned a corner in 2021. The reopening of economies across the region, coupled with a rebound in the price of oil and a recovery in global trade, eased pressure on lenders’ balance sheets across the region.

The Banker’s Top 100 Arab Banks ranking for 2022 paints a picture of a sector in recovery, albeit one that has yet to reach several pre-pandemic markers. Tier 1 capital growth for the region’s largest lenders rose by 8.8% in 2021, compared to a rise of 7.4% in 2020, but has been held back by slower growth in the key markets of Egypt and the UAE. Assets grew by 11.1% in 2021 compared with 9.3% the previous year.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial
John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.
Read more articles from this author