Abu Dhabi – Mubasher: Five UAE-based banks topped the list of the Middle East’s safest banks, according to Global Finance Magazine’s latest report.

The First Abu Dhabi Bank (FAB) came in the first spot, with total assets of $185.15 billion, followed by Abu Dhabi Commercial Bank (ADCB), Union National Bank (UNB), Abu Dhabi Islamic Bank (ADIB), and privately-owned Al Hilal Bank.

Along with Emirates NBD, the said banks were also included in the Global Finance's ranking of the safest banks operating in the emerging markets.

In terms of the Islamic lenders, Al Hilal Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank (DIB), Sharjah Islamic Bank and Noor Bank were named the safest banks when compared to other Arab counterparts.