We have been following developments with the Aramco IPO, the pre-budget statement and new appointments at Al-Rajhi and SAMA. Click below for more details on these stories.
New Study on GCC Bank Performance
Darien Analytics has published its annual ranking of GCC commercial banks. The rankings cover 74 commercial banks based in the GCC and are based on six key financial performance ratios. As in previous years, the larger Gulf banks do not necessarily appear among the best performers, although al-Rajhi ranks fifth, Saudi British bank 10th and Samba 12th.
The ranking assesses the bank's performance according to six ratios:
Equity % Assets
Operating Profits % Loans and Investments
Return on Average Assets
Return on Average Equity
Operating Costs % Operating Income
Equity and Customers' Deposits % Assets
Sharjah's Investbank toped the list, with National Bank of Ras al-Khaimeh taking second place. Qatar's Masraf al-Rayan was third.
The Darien Analytics Ranking includes a commentary on the performance of the banks and of the six banking systems in the GCC; a summary financial statements of the 74 banks surveyed; and also a short comparison of the financial performance of Islamic banks and conventional banks.
The report is attached below.
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