Top 50 GCC Banks 2015

The GCC banking sector had a good year in 2014 with higher profit growth and returns.

The outlook for the GCC banking sector in 2015 is certainly more challenging but stable. Due to the sharply lower oil price, growth in assets and net profit for banks is unlikely to match that of last year.

But although lower oil revenues will impact growth, non-oil economic growth is expected to be solid, including that in Abu Dhabi and Dubai. Qatar’s GDP growth will remain strong this year and next as the government increases spending on big infrastructure projects. Reserves built up in Saudi will also help maintain spending. Kuwait is forecast to grow at less than two per cent in 2015 but the banking sector is in better condition to cope. Oman and Bahrain, the two smallest GCC states are expected to see reasonable economic growth, although Bahrain is more exposed to lower oil prices.

BANK	ASSETS	NET PROFIT($000)	RANK	COUNTRY
Qatar National Bank	133,614,471	2,889,461	1	Qatar
National Commercial Bank	115,967,489	2,344,851	2	KSA
National Bank of Abu Dhabi	102,395,511	1,518,886	3	UAE
Emirates NBD	98,835,010	1,399,137	4	UAE
Al Rajhi Banking Corporation	82,056,415	1,822,979	5	KSA
National Bank of Kuwait	74,323,098	933,653	6	Kuwait
Kuwait Finance House	58,621,244	546,144	7	Kuwait
Samba Financial Group	57,973,021	1,334,687	8	KSA
First Gulf Bank	57,764,362	1,553,236	9	UAE
Riyad Bank	57,223,811	1,160,642	10	KSA
Abu Dhabi Commercial Bank	55,545,729	1,143,856	11	UAE
Banque Saudi Fransi	50,340,507	937,691	12	KSA
Saudi British Bank	50,029,138	1,137,616	13	KSA
Arab National Bank	43,911,561	767,241	14	KSA
Dubai Islamic Bank	33,729,202	763,334	15	UAE
Ahli United Bank	33,444,888	531,254	16	Bahrain
Commercial Bank of Qatar	31,772,623	533,026	17	Qatar
Abu Dhabi Islamic Bank	30,466,595	476,638	18	UAE
Arab Banking Corporation	29,356,000	318,000	19	Bahrain
Mashreq Bank	28,815,758	676,904	20	UAE
Burgan Bank	26,446,308	248,055	21	Kuwait
Qatar Islamic Bank	26,402,875	458,393	22	Qatar
Saudi Hollandi Bank	25,765,125	485,576	23	KSA
Union National Bank	25,446,023	550,102	24	UAE
Bank Muscat	25,268,333	423,966	25	Oman
Saudi Investment Bank	24,967,051	383,061	26	KSA
Al Baraka Bank Group	23,463,589	274,767	27	Bahrain
Al Rayan	22,003,920	554,173	28	Qatar
Alinma Bank	21,563,162	337,182	29	KSA
Gulf International Bank	21,300,200	85,600	30	Bahrain
Doha Bank	20,746,583	373,258	31	Qatar
Gulf Bank	18,187,890	120,982	32	Kuwait
Bank Al Jazira	17,747,714	152,658	33	KSA
Commercial Bank of Kuwait	14,373,105	167,594	34	Kuwait
Al Khaliji Commercial Bank	14,077,493	154,645	35	Qatar
Commercial Bank of Dubai	12,773,551	327,323	36	UAE
Bank Al Bilad	12,061,310	230,408	37	KSA
Al Ali Bank Kuwait	11,937,888	128,284	38	Kuwait
Qatar International Islamic Bank	10,548,751	226,873	39	Qatar
Barwa Bank	10,059,032	176,191	40	Qatar
RAKBANK	9,482,754	396,026	41	UAE
Bank of Bahrain and Kuwait	9,311,092	133,794	42	Bahrain
Boubyan Bank	9,034,208	97,253	43	Kuwait
Bank Dhofar	8,296,425	105,073	44	Oman
Ithmaar Bank	7,860,904	-8,847	45	Bahrain
National Bank of Oman	7,730,107	130,566	46	Oman
National Bank of Bahrain	7,283,130	142,120	47	Bahrain
United Arab Bank	6,999,533	164,827	48	UAE
Bank of Sharjah	6,821,231	77,843	49	UAE
Sharjah Islamic Bank	6,650,072	80,304	50	UAE