UAE: 17 UAE banks feature on top 100 Arab banks list

17 UAE-based banks made it to the list of the 100 largest financial institutions in the Arab world, which was published by the Union of Arab Banks (UAB). Saudi Arabia and Qatar came in second with 12 institutions each, followed by Lebanon with 10, Kuwait with 9 and Egypt with 8.

According to the list, the 17 Emirati banks account for 20.6% (some US$605 billion) of all assets (US$2.93 trillion) held by the top 100 Arab banks.

According to RFi Group data, Emirates NBD dominates the retail banking market in the UAE. 1 in 4 banked consumers in the country hold a financial product with the bank and 1 in 5 consider the bank to be their main financial institution (MFI). Abu Dhabi Commercial Bank comes in second with 17% share of MFI relationships, followed by Mashreq Bank and Dubai Islamic Bank with 10% and 9% share respectively.

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