UAE – Mubasher: Global Finance has announced its 29th annual ranking of the World’s 50 Safest Banks for this year.
The UAE's First Abu Dhabi Bank (FAB) secured the first spot regionally and the 32nd spot globally in Global Finance' ranking, according to a press release.
The National Bank of Kuwait (NBK) was ranked the second regionally in Global Finance’s list of the Safest Banks in the Middle East 2020, followed by Qatar National Bank (QNB), Abu Dhabi Commercial Bank (ADCB), and Kuwait Finance House (KFH), respectively.
Global Finance said that European banks dominated the top of the World’s Safest Banks again in 2020, taking the first ten positions and 17 of the top 25. Germany’s KfW is in the top spot for the twelfth year in a row.