A study by Argaam: Qatar’s QNB, Saudi NCB and UAE’s NBAD top the list of Gulf’s biggest banks by the end of September 2014

Qatar National Bank topped Argaam’s list of the Gulf’s biggest banks in terms of assets and market capitalization in the first nine months of 2014, followed by Saudi Arabia’s National Commercial Bank, and Emirates National Bank of Abu Dhabi.

Assets of QNB, which is 50 percent, owned by Qatar Investment Authority, surged 9 percent to $130.5 billion by the end of September 2014, while Saudi Arabia’s NCB’s assets reached $116.7 billion. Emirates NBAD’s assets were $ 108.4 billion.

The list included 5 Saudi banks as shown in the following table:

The largest 10 GCC banks in terms of assets
Change (%)	Assets(US$ billion)	Bank	Ranking
+9%	130.5	Qatar National Bank	1
+19%	116.7	NCB	2
+15%	108.4	National Bank of Abu Dhabi	3
+7%	96.3	Emirates NBD	4
+9%	79.6	Al Rajhi Bank	5
+15%	74.7	National Bank of Kuwait	6
+10%	58.8	Kuwait Finance House	7
+8%	57.9	Riyad Bank	8
+6%	57.6	SAMBA	9
+10%	56.6	First Gulf Bank	10

In terms of profit, QNB also topped the list with $ 2.2 billion in net income for the first nine months of 2014. NCB was the second biggest Gulf bank in terms of profit, making $1.8 billion for the same period.

The largest 10 GCC banks in terms of profits for the first 9 months 2014
Change (%)	Profits (US$ million)	Banks	Ranking
+13%	2197.5	Qatar National Bank	1
+13%	1820.9	NCB	2
( 10% )	1417.2	Al Rajhi Bank	3
+15%	1142.0	National Bank of Abu Dhabi	4
+21%	1117.4	First Gulf Bank	5
+51%	1065.0	Emirates NBD	6
+8%	1007.5	SAMBA	7
+18%	878.9	SABB	8
+13%	877.6	Al Riyad Bank	9
+18%	824.1	Abu Dhabi Commercial Bank	10

QNB and NCB maintained the lead as the biggest banks in terms of deposits as shown in the following table:

The largest 10 GCC banks in terms of deposits
Change (%)	deposits (US$ billion)	Banks	Ranking
+6%	96.7	Qatar National Bank	1
+17%	91.7	NCB	2
+15%	72.1	National Bank of Abu Dhabi	3
+9%	68.0	Emirates NBD	4
+11%	66.7	Al Rajhi Bank	5
+6%	43.7	SAMBA	6
+5%	43.1	Al Riyad Bank	7
+9%	39.4	First Gulf Bank	8
+11%	38.3	SABB	9
+10%	37.3	Kuwait Finance House	10

As for loans; QNB and Emirates NBD’s kept their positions as the first and second largest Gulf banks in terms of loans.

The largest 10 GCC banks in terms of loans
Change (%)	loans (US$ billion)	Banks	Ranking
+8%	90.3	Qatar National Bank	1
+6%	67.4	Emirates NBD	2
+16%	57.1	NCB	3
+10%	54.3	Al Rajhi Bank	4
+8%	53.9	National Bank of Abu Dhabi	5
+10%	39.8	National Bank of Kuwait	6
+8%	37.5	Al Riyad Bank	7
+13%	37.0	Abu Dhabi Commercial Bank	8
+5%	36.1	First Gulf Bank	9
+8%	32.0	SAMBA	10

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