The Top 100 Arab World Banks For 2022 Include 8 Kuwaiti Banks

Eight Kuwaiti banks ranked among the top 100 Arab banks in 2022, according to an analysis by the Union of Arab Banks (UAB). With combined assets of USD 343 billion, the eight banks’ capital came to about USD 35.8 billion, said the Beirut-based UAB. According to UAB, there are eight banks in Kuwait: the National Bank of Kuwait (NBK), Kuwait Finance House (KFH), Burgan Bank, Gulf Bank (GBK), Ahli United Bank of Kuwait (AUB), Kuwait Commercial Bank, Al Ahli Bank of Kuwait, and Kuwait International Bank. According to the report, NBK had the highest capital in the area, followed by KFH and Burgan Bank. KFH was the biggest bank in terms of assets.

The UAE has the highest ranking of all Arab countries with 18 banks among the top 100, according to data released by "The Banker" magazine in November 2023. Egypt came in second with 11 banks, Saudi Arabia and Bahrain with 10 banks each, Qatar and Jordan with nine banks, Kuwait and Oman and Morocco with eight banks each, Tunisia with six banks, Lebanon with two banks, and Palestine with one bank.

The survey also identified 22 Islamic banks, which were spread across the following regions: Qatar five, Saudi Arabia four, Kuwait three, United Arab Emirates three, Bahrain two, Egypt two, and Jordan and Oman one. Based on the major capital of 2022, the rankings were compiled.

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