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Three Egyptian banks among 500 best banking brands in world - Daily News Egypt

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Three Egyptian banks among 500 best banking brands in world

List includes NBE, Banque Misr, CIB – Egypt

Three Egyptian banks got on the list of the 500 best banking brands in the world in 2019, according to an analytical study issued by the Union of Arab Banks (UAB).

The list includes the National Bank of Egypt (NBE), Banque Misr, and the Commercial International Bank (CIB) -Egypt.

The total value of the three banks is estimated to be $984m, and their total market capital reached $9.6bn.

The NBE got the title of the highest value banking brand in Egypt in 2019. It also ranked 21st in the Arab world and 292 in the world, which is higher by 27 positions compared to 2018, with a brand value of $478m.

Banque Misr came second locally, 34th in the Arab world, and ranked 398 globally with a value of $278m.

The CIB came third locally, 40th in the Arab world, and 455 globally with a value of $228m.

The data recently issued by the Banker magazine, which included the 500 largest banking brands in the world, revealed that 45 Arab banks are on the list, compared to 43 banks in 2018.  The total banking brands’ value of these banks reached $40.8bn, compared to $36.7bn in 2018. The total market capital reached $280.3bn.

Saudi Arabia and the UAE have recorded the largest number of Arab banks on the list, as 12 Saudi Arabian and Emirati banks were on the list, followed by six Qatari banks, two Lebanese banks, and one bank in Jordan, Oman and Bahrain.

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