Research Department the Top 100 Arab Banks

Union of Arab Banks General Secretariat – Research Department

20/10/2015

The Top 100 Arab Banks

1. The Geographical Distribution of the Top 100 Arab Banks

Arab banks play an important role in the global banking system due to their considerably large asset base and number. By the end of Q2 2015, data from the largest 100 Arab banks in terms of assets show that these banks had combined assets that amount to $2.87 trillion, with a deposit base of about $1.94 trillion, and a capital base of $314 billion. Moreover, they provided around $1.45 trillion in loans and advances to the economy. These 100 Arab banks are distributed among Arab countries as follows: 17 banks from the UAE, 12 Saudi banks, 10 banks from each of Qatar and Lebanon, 9 Kuwaiti banks, 8 banks from Egypt, 7 banks from both Morocco and Bahrain, 5 banks from Libya, 4 banks from each of Oman and Algeria, 3 Iraqi banks, 2 banks from Jordan, and 1 bank from each of Syria and Tunisia. As shown in Table 1, the largest number of these banks operates in the Gulf countries (59 banks). Table 1 also shows the geographical distribution of the top 100 Arab banks and the consolidated assets according to each country for the end of 2014 and the second quarter of 2015.

Table 1: Geographical Distribution and Total Assets of Top 100 Arab Banks ($ Million) Total Assets Average Bank Size Number of Banks 2014 2015 2014 2015 UAE 17 513,777 545,339 30,225 32,079 Saudi Arabia 12 559,605 579,592 46,634 48,299 Qatar 10 286,768 304,934 28,676 30,493 Lebanon 10 178,036 182,530 17,762 18,253 Kuwait 9 231,104 231,622 25,857 25, 736 Egypt 8 171,379 173,526 21,422 21,691 Bahrain 7 132,020 134,320 18,860 19,189 Morocco 7 137,455 135,252 19,636 19,322 Oman 4 46,746 49,722 11,687 12,431 Algeria 4 88,883 88,883* 22,221 22,221 Libya 5 80,406 79,486 16,081 15,897 Iraq 3 171,079 289,937 57,026 96,646 Jordan 2 58,849 59,464 29,432 29,732 Syria** 1 8,324** 8,324** 8,324 8,324 Tunisia 1 5,093 5,093* 5,093 5,093 Total 100 2,669,524 2,868,024 Source: Bank websites and Bankscope. * 2014. **2013.

The assets of Saudi banks constituted 20.2% of the total assets of the top 100 banks, whereas UAE banks had a share of 19.0% of total assets, followed by 10.6% in Qatar, 10.1% in Iraq, 8.1% in Kuwait, 6.4% in Lebanon, 6.0% in Egypt, 4.7% in Bahrain, 4.7% Morocco, 3.1% in Algeria, 2.8% in Libya, 2.1% in Jordan, 1.7% in Oman, and less than 0.5% in each of Syria and Tunisia.

2. Ranking of the Top 100 Arab Banks in Terms of Assets

Table 2 presents the ranking of the top 100 Arab banks during 2014 and 2015 in terms of assets. We note that there has been a significant change in bank rankings due to a considerable difference in asset growth recorded by these banks.

Table 2: Top 100 Arab Banks in Terms of Assets ($ Million) Q2 2015 2014 Growth Assets Rank Assets Rank % Rafidain Bank*** (Iraq) 210,755 1 88,816 5 137.3 Qatar National Bank (Qatar) 140,254 2 133,615 1 5.0 National Commercial Bank (KSA) 123,046 3 115,967 2 6.1 National Bank of Abu Dhabi (UAE) 106,977 4 102,409 3 4.5 Emirates NBD (UAE) 105,743 5 98,848 4 7.0 Al Rajhi Bank (KSA) 87,219 6 82,056 6 6.3 National Bank of Kuwait (Kuwait) 75,999 7 74,399 7 2.2 National Bank of Egypt* (Egypt) 63,886 8 63,886 8 n.a. First Gulf Bank (UAE) 59,689 9 57,772 11 3.3 Samba Financial Group*** (KSA) 59,355 10 57,973 10 2.4 Riyad Bank (KSA) 59,329 11 57,224 12 3.7 Kuwait Finance House (Kuwait) 57,954 12 58,681 9 (1.2) Abu Dhabi Commercial Bank (UAE) 57,815 13 55,553 13 4.1 SABB (KSA) 51,287 14 50,029 16 2.5 Banque Saudi Fransi (KSA) 49,587 15 50,341 15 (1.5) Rasheed Bank*** (Iraq) 48,801 16 50,378 14 (3.1) Arab Bank (Jordan) 48,400 17 48,152 17 0.5 Attijariwafa Bank* (Morocco) 44,439 18 44,439 18 n.a. Arab National Bank (KSA) 44,380 19 43,912 19 1.1 Bank Audi (Lebanon) 42,310 20 41,961 20 0.8 Dubai Islamic Bank (UAE) 39,973 21 33,734 23 18.5 Banque Misr* (Egypt) 38,395 22 38,395 21 n.a. Ahli United Bank (Bahrain) 32,746 23 33,445 24 (2.1) Groupe Banque Populaire (Morocco) 32,739 24 34,242 22 (4.4) The Commercial Bank (Qatar) 32,729 25 31,773 26 3.0 Qatar Islamic Bank (Qatar) 31,881 26 26,403 35 20.7 Abu Dhabi Islamic Bank (UAE) 31,356 27 30,471 27 2.9 Mashreq Bank (UAE) 30,594 28 28,820 30 6.2 Trade Bank of Iraq*** (Iraq) 30,381 29 31,885 25 (4.7) Banque Extérieure D'Algérie* (Algeria) 29,366 30 29,366 28 n.a. BLOM Bank (Lebanon) 28,617 31 27,975 31 2.3 Union National Bank (UAE) 28,288 32 25,450 37 11.2 Arab Banking Corporation (Bahrain) 28,037 33 29,356 29 (4.5) Banque Nationale d'Algérie** (Algeria) 27,967 34 27,967 32 n.a. Banque Marocaine du Commerce Extérieur* 27,344 35 27,344 33 n.a. (Morocco) Saudi Hollandi Bank (KSA) 27,273 36 25,765 36 5.9

Q2 2015 2014 Growth Assets Rank Assets Rank % Bank Muscat (Oman) 27,172 37 25,301 39 7.4 Burgan Bank (Kuwait) 26,420 38 26,473 34 (0.2) Jumhouria Bank** (Libya) 25,311 39 25,311 38 n.a. Saudi Investment Bank (KSA) 24,688 40 24,967 40 (1.1) Al Baraka Banking Group (Bahrain) 24,034 41 23,464 41 2.4 Gulf International Bank (Bahrain) 23,136 42 21,300 45 8.6 Doha Bank (Qatar) 22,730 43 20,747 46 9.6 Masraf Al Rayan (Qatar) 22,340 44 22,004 43 1.5 Libyan Foreign Bank*** (Libya) 22,267 45 23,187 42 (4.0) Alinma Bank (KSA) 21,824 46 21,563 44 1.2 Commercial International Bank (Egypt) 21,425 47 20,134 47 6.4 Byblos Bank (Lebanon) 19,171 48 19,035 48 0.7 Fransabank (Lebanon) 19,097 49 18,942 49 0.8 Bank Al Jazira*** (KSA) 18,500 50 17,747 51 4.2 Gulf Bank (Kuwait) 17,228 51 18,207 50 (5.4) Crédit Populaire d'Algérie* (Algeria) 17,200 52 17,200 52 n.a. BankMed (Lebanon) 16,101 53 15,420 53 4.4 Bank of Beirut (Lebanon) 15,388 54 14,915 54 3.2 QNB Al Ahli Bank (Egypt) 15,589 55 14,465 55 7.8 Al Khalij Commercial Bank (al Khaliji) 15,457 56 14,078 58 9.8 (Qatar) Societe Generale De Banque Au Liban Sal 15,408 57 13,834 59 11.4 (Lebanon) Banque d'Agriculture et du Développement 14,350 59 14,350 57 n.a. Rural** (Algeria) Commercial Bank of Kuwait (Kuwait) 14,159 58 14,388 56 (1.6) Commercial Bank of Dubai (UAE) 14,055 60 12,775 60 10.0 Bank Albilad (KSA) 13,105 61 12,061 63 8.7 Ahli United Bank (Kuwait) 12,428 62 12,285 62 1.2 National Commercial Bank**** (Libya) 12,420 63 12,420 61 n.a. Al Ahli Bank of Kuwait (Kuwait) 12,277 64 11,950 64 2.7 Emirates Islamic Bank* (UAE) 11,685 65 11,685 65 n.a. Barwa Bank (Qatar) 11,338 66 10,494 71 8.0 Banque Libano-Francaise (Lebanon) 11,306 67 11,292 66 0.1 Al Hilal Bank* (UAE) 11,275 68 11,275 67 n.a. Arab African International Bank* (Egypt) 11,021 69 11,021 68 n.a. The Housing Bank for Trade and Finance 11,064 70 10,697 69 3.4 (Jordan) Qatar International Islamic Bank (Qatar) 10,576 71 10,549 70 0.3 Banque du Caire* (Egypt) 10,241 72 10,241 72 n.a. The National Bank of Ras Al Khaimah 10,370 73 9,484 74 9.3 (RAKBank) (UAE) Wahda Bank**** (Libya) 10,109 74 10,109 73 n.a. Bank of Bahrain and Kuwait (BBK) 10,097 75 9,311 78 8.4 (Bahrain) Boubyan Bank (Kuwait) 9,571 76 9,043 80 5.8 Credit Libanais (Lebanon) 9,553 77 9,162 79 4.3 Sahara Bank**** (Libya) 9,379 78 9,440 75 n.a. Groupe Crédit Agricole du Maroc* 9,342 79 9,342 76 n.a. (Morocco) Société Générale Maroc* (Morocco) 9,333 80 9,333 77 n.a.

Q2 2015 2014 Growth Assets Rank Assets Rank % Ahli Bank (Qatar) 9,145 81 8,621 81 6.1 Bank Dhofar (Oman) 8,805 82 8,307 84 6.0 Ithmaar Bank (Bahrain) 8,598 83 7,861 86 9.4 International Bank of Qatar* (Qatar) 8,484 84 8,484 82 n.a. Commercial Bank of Syria** (Syria) 8,324 85 8,324 83 n.a. National Bank of Oman*** (Oman) 8,322 86 7,740 87 7.5 Noor Bank *(UAE) 7,905 87 7,900 85 0.1 National Bank of Bahrain (Bahrain) 7,672 88 7,283 89 5.3 National Bank of Fujairah (UAE) 7,585 89 6,695 94 13.3 Sharjah Islamic Bank*** (UAE) 7,464 90 7,083 90 5.4 Bank of Sharjah (UAE) 7,342 91 6,822 93 7.6 United Arab Bank*** (UAE) 7,223 92 7,001 92 3.2 Faisal Islamic Bank of Egypt* (Egypt) 7,015 93 7,015 91 n.a. Banque Marocaine pour le Commerce et 6,629 94 7,329 88 (9.6) l'Industrie (Morocco) Bank of Alexandria (Egypt) 5,955 95 6,222 95 (4.3) Kuwait International Bank (Kuwait) 5,586 96 5,678 96 (1.6) BBAC (Lebanon) 5,578 97 5,500 97 1.4 Crédit du Maroc* (Morocco) 5,426 98 5,426 98 n.a. Bank Sohar (Oman) 5,423 99 5,398 99 0.5 Banque Internationale Arabe de Tunisie* 5,093 100 5,093 100 n.a. (Tunisia) TOTAL ASSETS 2,861,881 2,663,538 7.4 Source: Bank websites and Bankscope. Data for Iraqi banks are from the Central bank of Iraq. Notes: n.a. = not available. *2014. **2013. ***Q1 2015. ****Q2 2014.

3. Ranking of the Top 100 Arab Banks in Terms of Loans

Table 3: Ranking of the Top 100 Arab Banks by Loans ($ Million) Q2 2015 2014 Growth Loans Rank Loans Rank % Qatar National Bank (Qatar) 97,862 1 92,893 1 5.3 Emirates NBD (UAE) 69,802 2 66,977 2 4.2 National Commercial Bank (KSA) 62,137 3 58,859 3 5.6 National Bank of Abu Dhabi (UAE) 59,360 4 52,901 5 12.2 Al Rajhi Bank (KSA) 56,166 5 54,917 4 2.3 National Bank of Kuwait (Kuwait) 42,107 6 40,672 6 3.5 First Gulf Bank (UAE) 40,562 7 38,042 8 6.6 Abu Dhabi Commercial Bank (UAE) 39,723 8 38,274 7 3.8 Riyad Bank (KSA) 36,459 9 35,597 9 2.4 Samba Financial Group*** (KSA) 33,783 10 33,088 10 2.1 SABB (KSA) 33,747 11 30,726 12 9.8 Banque Saudi Fransi (KSA) 33,256 12 31,078 11 7.0 Arab National Bank (KSA) 29,592 13 27,660 15 7.0 Attijariwafa Bank* (Morocco) 28,205 14 28,205 14 n.a. Kuwait Finance House (Kuwait) 27,377 15 28,487 13 (3.9) Arab Bank (Jordan) 24,100 16 21,341 17 12.9 Dubai Islamic Bank (UAE) 23,743 17 20,157 19 17.8 Groupe Banque Populaire (Morocco) 21,386 18 22,731 16 (5.9) Qatar Islamic Bank (Qatar) 21,052 19 16,396 28 28.4

Q2 2015 2014 Growth Loans Rank Loans Rank % Abu Dhabi Islamic Bank (UAE) 20,310 20 20,643 18 (1.6) The Commercial Bank (Qatar) 19,946 21 19,929 20 0.1 Saudi Hollandi Bank (KSA) 18,987 22 17,373 24 9.3 Ahli United Bank (Bahrain) 18,572 23 18,465 21 0.6 Union National Bank (UAE) 18,422 24 17,445 23 5.6 Bank Muscat (Oman) 17,835 25 17,649 22 1.1 Bank Audi (Lebanon) 17,704 26 17,098 26 3.5 Banque Marocaine du Commerce Extérieur* 17,159 27 17,159 25 n.a. (Morocco) Banque Nationale d'Algérie** (Algeria) 16,837 28 16,837 27 n.a. Masraf Al Rayan (Qatar) 16,346 29 15,909 30 2.7 National Bank of Egypt* (Egypt) 16,282 30 16,282 29 n.a. Mashreq Bank (UAE) 15,327 31 15,805 31 (3.0) Saudi Investment Bank (KSA) 15,205 32 15,326 32 (0.8) Al Baraka Banking Group (Bahrain) 14,973 33 15,044 33 (0.5) Burgan Bank (Kuwait) 14,939 34 14,981 34 (0.3) Doha Bank (Qatar) 14,576 35 13,340 37 9.3 Arab Banking Corporation (Bahrain) 14,343 36 14,820 35 (3.2) Alinma Bank (KSA) 14,133 37 14,303 36 (1.2) Gulf Bank (Kuwait) 11,876 38 12,237 39 (3.0) Rafidain Bank*** (Iraq) 11,520 39 12,323 38 (6.6) Bank Al Jazira*** (KSA) 10,899 40 10,999 40 (0.9) Commercial Bank of Dubai (UAE) 10,352 41 8,759 42 18.2 Banque Extérieure D'Algérie* (Algeria) 9,984 42 9,984 41 n.a. Gulf International Bank (Bahrain) 8,852 43 8,000 47 10.7 Al Ahli Bank of Kuwait (Kuwait) 8,695 44 8,273 46 5.1 Ahli United Bank (Kuwait) 8,588 46 8,471 44 1.4 Bank Albilad (KSA) 8,449 47 7,561 50 11.7 Al Hilal Bank* (UAE) 8,413 48 8,413 45 n.a. Crédit populaire d'Algérie* (Algeria) 8,600 45 8,600 43 n.a. Al Khalij Commercial Bank (al Khaliji) 8,170 49 7,384 52 10.6 (Qatar) Emirates Islamic Bank* (UAE) 7,787 50 7,787 49 n.a. Banque Misr* (Egypt) 7,501 51 7,501 51 n.a. The National Bank of Ras Al Khaimah 7,376 52 6,880 56 7.2 (RAKBank) (UAE) Commercial Bank of Kuwait (Kuwait) 7,274 53 7,923 48 (8.2) Société Générale Maroc* (Morocco) 7,271 54 7,271 53 n.a. Commercial International Bank (Egypt) 7,160 55 6,816 57 5.0 Jumhouria Bank**** (Libya) 7,143 56 7,143 54 n.a. QNB Al Ahli Bank (Egypt) 7,037 57 6,572 59 7.1 BLOM Bank (Lebanon) 7,021 58 6,888 55 1.9 Groupe Crédit Agricole du Maroc* 6,808 59 6,808 58 n.a. (Morocco) Barwa Bank (Qatar) 6,714 60 6,331 61 6.0 Boubyan Bank (Kuwait) 6,608 61 6,165 62 7.2 Qatar International Islamic Bank (Qatar) 6,554 62 6,000 64 9.2 Bank Dhofar (Oman) 6,510 63 5,864 65 11.0 Banque d'Agriculture et du Développement 6,378 64 6,378 60 n.a. Rural** (Algeria) National Bank of Oman*** (Oman) 6,203 65 6,026 63 2.9

Q2 2015 2014 Growth Loans Rank Loans Rank % Ahli Bank (Qatar) 6,128 66 5,854 66 4.7 Fransabank (Lebanon) 5,789 67 5,854 66 (1.1) International Bank of Qatar* (Qatar) 5,455 68 5,455 68 n.a. Trade Bank of Iraq*** (Iraq) 5,275 69 3,224 90 63.6 Banque Marocaine pour le Commerce et 5,164 70 4,975 70 3.8 l'Industrie (Morocco) Rasheed Bank*** (Iraq) 5,097 71 5,208 69 (2.1) National Bank of Fujairah (UAE) 5,021 72 4,446 76 12.9 United Arab Bank*** (UAE) 4,975 73 4,885 73 1.8 The Housing Bank for Trade and Finance 4,955 74 3,826 84 29.5 (Jordan) Noor Bank* (UAE) 4,915 75 4,911 71 0.1 Bank of Bahrain and Kuwait (BBK) 4,819 76 4,911 71 (1.9) (Bahrain) BankMed (Lebanon) 4,761 77 4,746 74 0.3 Byblos Bank (Lebanon) 4,684 78 4,709 75 (0.5) Sharjah Islamic Bank*** (UAE) 4,358 79 3,941 81 10.6 Arab African International Bank* (Egypt) 4,246 80 4,246 77 n.a. Bank of Sharjah (UAE) 4,212 81 3,834 83 9.9 Bank of Beirut (Lebanon) 4,141 82 4,174 78 (0.8) Bank Sohar (Oman) 4,121 83 3,701 85 11.3 Banque du Caire* (Egypt) 4,039 84 4,039 79 n.a. Crédit du Maroc* (Morocco) 3,875 85 3,875 82 n.a. Banque Libano-Francaise (Lebanon) 3,871 86 4,009 80 (3.4) Societe Generale De Banque Au Liban Sal 3,781 87 3,464 87 9.2 (Lebanon) Kuwait International Bank (Kuwait) 3,647 88 3,660 86 (0.4) Ithmaar Bank (Bahrain) 3,453 89 3,422 88 0.9 Commercial Bank of Syria** (Syria) 3,312 90 3,312 89 n.a. Banque Internationale Arabe de Tunisie* 3,173 91 3,173 91 n.a. (Tunisia) Bank of Alexandria (Egypt) 3,110 92 2,949 93 5.5 National Commercial Bank**** (Libya) 3,096 93 3,096 92 n.a. Credit Libanais (Lebanon) 2,903 94 2,783 94 4.3 National Bank of Bahrain (Bahrain) 2,456 95 1,893 96 29.7 Wahda Bank**** (Libya) 2,265 96 2,265 95 n.a. Libyan Foreign Bank*** (Libya) 1,979 97 1,506 98 31.4 BBAC (Lebanon) 1,541 98 1,348 99 14.3 Sahara Bank**** (Libya) 1,536 99 1,536 97 n.a. Faisal Islamic Bank of Egypt* (Egypt) 678 100 678 100 n.a. TOTAL LOANS 1,444,889 1,386,674 4.2 Source: Bank websites and Bankscope. Data for Iraqi banks are from the Central bank of Iraq. Notes: n.a. = not available. *2014. **2013. ***Q1 2015. ****Q2 2014.

4. Ranking of the Top 100 Arab Banks in Terms of Deposits

Table 4: Ranking of the Top 100 Arab Banks by Deposits ($ Million) Q2 2015 2014 Growth Deposits Rank Deposits Rank % Qatar National Bank (Qatar) 104,748 1 98,994 1 5.8 National Commercial Bank (KSA) 96,124 2 88,825 2 8.2

Q2 2015 2014 Growth Deposits Rank Deposits Rank % Emirates NBD (UAE) 74,781 3 70,322 3 6.3 Al Rajhi Bank (KSA) 71,068 4 68,287 4 4.1 National Bank of Abu Dhabi (UAE) 62,703 5 66,218 5 (5.3) Rafidain Bank** (Iraq) 61,393 6 29,109 19 110.9 National Bank of Egypt* (Egypt) 55,032 7 55,032 6 n.a. Samba Financial Group*** (KSA) 44,722 8 43,679 8 2.4 Riyad Bank (KSA) 44,366 9 43,755 7 1.4 SABB (KSA) 40,272 10 38,899 9 3.5 National Bank of Kuwait (Kuwait) 39,788 11 38,455 12 3.5 First Gulf Bank (UAE) 38,235 12 38,468 11 (0.6) Banque Saudi Fransi (KSA) 38,025 13 38,740 10 (1.8) Kuwait Finance House (Kuwait) 36,956 14 37,157 13 (0.5) Bank Audi (Lebanon) 36,106 15 35,432 14 1.9 Abu Dhabi Commercial Bank (UAE) 35,870 16 34,312 16 4.5 Arab National Bank (KSA) 35,282 17 34,568 15 2.1 Arab Bank (Jordan) 34,800 18 32,065 18 8.5 Banque Misr* (Egypt) 33,614 19 33,614 17 n.a. Dubai Islamic Bank (UAE) 29,743 20 25,162 22 18.2 Attijariwafa Bank* (Morocco) 28,067 21 28,067 20 n.a. BLOM Bank (Lebanon) 24,754 22 23,880 23 3.7 Abu Dhabi Islamic Bank (UAE) 24,274 23 23,100 25 5.1 Groupe Banque Populaire (Morocco) 24,228 24 25,349 21 (4.4) Banque Extérieure D'Algérie* (Algeria) 23,834 25 23,834 24 n.a. Qatar Islamic Bank (Qatar) 23,295 26 18,298 34 27.3 Ahli United Bank (Bahrain) 22,452 27 23,007 26 (2.4) Saudi Hollandi Bank (KSA) 22,228 28 20,484 28 8.5 Mashreq Bank (UAE) 20,526 30 18,650 31 10.1 Jumhouria Bank**** (Libya) 21,533 29 21,533 27 n.a. Union National Bank (UAE) 19,942 31 18,363 33 8.6 Bank Muscat (Oman) 19,309 32 17,119 37 12.8 Banque Nationale d'Algérie** (Algeria) 19,172 33 19,172 29 n.a. Commercial International Bank (Egypt) 18,762 34 17,076 38 9.9 Saudi Investment Bank (KSA) 18,750 35 18,862 30 (0.6) Al Baraka Banking Group (Bahrain) 18,618 36 18,650 31 (0.2) Banque Marocaine du Commerce Extérieur* 17,836 37 17,836 35 n.a. (Morocco) The Commercial Bank (Qatar) 17,617 38 16,912 39 4.2 Burgan Bank (Kuwait) 16,168 39 16,080 40 0.5 Alinma Bank (KSA) 16,122 40 15,847 41 1.7 Masraf Al Rayan (Qatar) 16,035 41 17,190 36 (6.7) Byblos Bank (Lebanon) 15,948 42 15,508 42 2.8 Fransabank (Lebanon) 15,614 43 15,374 43 1.6 Bank Al Jazira*** (KSA) 14,779 44 14,552 45 1.6 Gulf International Bank (Bahrain) 14,757 45 12,900 49 14.4 Doha Bank (Qatar) 14,212 46 12,623 50 12.6 Arab Banking Corporation (Bahrain) 13,460 47 13,945 46 (3.5) Crédit populaire d'Algérie* (Algeria) 13,100 48 13,100 48 n.a. Libyan Foreign Bank*** (Libya) 12,775 49 13,222 47 (3.4) QNB Al Ahli Bank (Egypt) 12,734 50 11,964 54 6.4 BankMed (Lebanon) 12,608 51 12,622 51 (0.1) Banque d'Agriculture et du Développement 12,455 52 12,455 53 n.a.

Q2 2015 2014 Growth Deposits Rank Deposits Rank % Rural** (Algeria) Rasheed*** Bank (Iraq) 12,334 53 15,290 44 (19.3) Societe Generale De Banque Au Liban Sal 11,709 54 10,752 56 8.9 (Lebanon) Gulf Bank (Kuwait) 11,592 55 12,506 52 (7.3) Bank of Beirut (Lebanon) 11,558 56 11,147 55 3.7 National Commercial Bank**** (Libya) 10,393 57 10,393 57 n.a. Bank Albilad (KSA) 10,214 58 9,793 59 4.3 Trade Bank of Iraq*** (Iraq) 9,918 59 9,828 58 0.9 Commercial Bank of Dubai (UAE) 9,711 60 8,757 63 10.9 Banque Libano-Francaise (Lebanon) 9,512 61 9,546 60 (0.4) Commercial Bank of Kuwait (Kuwait) 9,408 62 8,724 64 7.8 Arab African International Bank* (Egypt) 8,987 63 8,987 61 n.a. The Housing Bank for Trade and Finance 8,981 64 7,690 70 16.8 (Jordan) Banque du Caire (Egypt) 8,977 65 8,977 62 n.a. Emirates Islamic Bank* (UAE) 8,563 66 8,563 65 n.a. Al Hilal Bank* (UAE) 8,480 67 8,480 66 n.a. Al Khalij Commercial Bank (al Khaliji) 8,153 68 7,539 71 8.1 (Qatar) Sahara Bank**** (Libya) 7,991 69 7,991 68 n.a. Ahli United Bank (Kuwait) 7,850 70 8,381 67 (6.3) Credit Libanais (Lebanon) 7,809 71 7,739 69 0.9 Wahda Bank**** (Libya) 7,523 72 7,523 72 n.a. Boubyan Bank (Kuwait) 7,498 73 7,114 74 5.4 The National Bank of Ras Al Khaimah 7,100 74 6,632 76 7.1 (RAKBank) (UAE) Qatar International Islamic Bank (Qatar) 7,046 75 7,318 73 (3.7) Bank of Bahrain and Kuwait (BBK) 7,029 76 6,572 78 7.0 (Bahrain) Al Ahli Bank of Kuwait (Kuwait) 6,894 77 6,620 77 4.1 Bank Dhofar (Oman) 6,827 78 6,456 80 5.7 Groupe Crédit Agricole du Maroc* 6,766 79 6,766 75 n.a. (Morocco) Noor Bank* (UAE) 6,499 80 6,495 79 0.1 Barwa Bank (Qatar) 6,377 81 6,005 83 6.2 National Bank of Oman*** (Oman) 6,337 82 5,664 86 11.9 Faisal Islamic Bank of Egypt* (Egypt) 6,267 83 6,267 81 n.a. Société Générale Maroc* (Morocco) 6,038 84 6,038 82 n.a. Ahli Bank (Qatar) 5,952 85 5,465 87 8.9 National Bank of Bahrain (Bahrain) 5,925 86 5,731 85 3.4 International Bank of Qatar* (Qatar) 5,827 87 5,827 84 n.a. National Bank of Fujairah (UAE) 5,303 88 4,883 91 8.6 Bank of Sharjah (UAE) 5,076 89 4,847 92 4.7 United Arab Bank (UAE) 4,999 90 5,097 90 (1.9) BBAC (Lebanon) 4,948 91 4,505 93 9.8 Bank of Alexandria (Egypt) 4,906 92 5,123 89 (4.2) Banque Marocaine pour le Commerce et 4,340 93 5,367 88 (19.1) l'Industrie (Morocco) Sharjah Islamic Bank*** (UAE) 4,153 94 3,973 96 4.5 Crédit du Maroc* (Morocco) 4,089 95 4,089 94 n.a.

Q2 2015 2014 Growth Deposits Rank Deposits Rank % Bank Sohar (Oman) 4,074 96 4,036 95 0.9 Banque Internationale Arabe de Tunisie* 3,965 97 3,965 97 n.a. (Tunisia) Ithmaar Bank (Bahrain) 3,668 98 3,375 99 8.7 Commercial Bank of Syria** (Syria) 3,579 99 3,579 98 n.a. Kuwait International Bank (Kuwait) 3,279 100 3,370 100 (2.7) TOTAL DEPOSITS 1,944,016 1,858,452 4.6 Source: Bank websites and Bankscope. Data for Iraqi banks are from the Central bank of Iraq. Notes: n.a. = not available. *2014. **2013. ***Q1 2015. ****Q2 2014.

5. Ranking of the Top 100 Arab Banks in Terms of Equity

Table 5: Ranking of the Top 100 Arab Banks by Equity ($ Million) Q2 2015 2014 Growth Equity Rank Equity Rank % Qatar National Bank (Qatar) 15,837 1 15,924 1 (0.5) National Commercial Bank (KSA) 13,469 2 12,512 3 7.6 Emirates NBD (UAE) 12,992 3 12,733 2 2.0 Al Rajhi Bank (KSA) 11,759 4 11,172 4 5.3 National Bank of Abu Dhabi (UAE) 11,335 5 10,337 6 9.7 Samba Financial Group*** (KSA) 10,367 6 10,377 5 (0.1) National Bank of Kuwait (Kuwait) 10,257 7 9,804 7 4.6 Riyad Bank (KSA) 9,749 8 9,477 8 2.9 First Gulf Bank (UAE) 9,146 9 9,459 9 (3.3) Arab Bank (Jordan) 8,100 10 7,889 10 2.7 Banque Saudi Fransi (KSA) 7,453 11 7,059 13 5.6 Abu Dhabi Commercial Bank (UAE) 7,296 12 7,194 11 1.4 SABB (KSA) 7,267 13 6,952 14 4.5 Kuwait Finance House (Kuwait) 7,030 14 7,162 12 (1.8) Dubai Islamic Bank (UAE) 5,824 15 4,825 17 20.7 Arab National Bank (KSA) 5,712 16 5,504 15 3.8 Alinma Bank (KSA) 4,775 17 4,784 18 (0.2) Mashreq Bank (UAE) 4,766 18 4,607 20 3.5 The Commercial Bank (Qatar) 4,750 19 4,862 16 (2.3) Union National Bank (UAE) 4,731 20 4,608 19 2.7 Libyan Foreign Bank*** (Libya) 4,561 21 4,490 21 1.6 Attijariwafa* Bank (Morocco) 4,468 22 4,468 22 n.a. Qatar Islamic Bank (Qatar) 4,428 23 3,893 24 13.7 Arab Banking Corporation (Bahrain) 4,231 24 4,426 23 (4.4) Ahli United Bank (Bahrain) 4,118 25 3,830 25 7.5 Abu Dhabi Islamic Bank (UAE) 3,739 26 3,729 26 0.3 Doha Bank (Qatar) 3,590 27 3,102 35 15.7 National Bank of Egypt* (Egypt) 3,531 28 3,531 28 n.a. Bank Muscat (Oman) 3,420 29 3,413 29 0.2 Groupe Banque Populaire (Morocco) 3,397 30 3,539 27 (4.0) Banque Nationale d'Algérie** (Algeria) 3,240 31 3,240 32 n.a. Saudi Investment Bank (KSA) 3,191 32 3,161 34 0.9 Masraf Al Rayan (Qatar) 3,139 33 3,220 33 (2.5) Burgan Bank (Kuwait) 3,137 34 3,265 31 (3.9) Bank Audi (Lebanon) 3,128 35 3,348 30 (6.6)

Q2 2015 2014 Growth Equity Rank Equity Rank % Saudi Hollandi Bank (KSA) 2,967 36 2,865 36 3.6 Banque Misr* (Egypt) 2,810 37 2,810 37 n.a. Banque Extérieure D'Algérie* (Algeria) 2,775 38 2,775 38 n.a. BLOM Bank (Lebanon) 2,536 39 2,523 39 0.5 Gulf International Bank (Bahrain) 2,413 40 2,350 40 2.7 Banque Marocaine du Commerce Extérieur* 2,301 41 2,301 41 n.a. (Morocco) Trade Bank of Iraq*** (Iraq) 2,279 42 2,279 42 0 Commercial Bank of Dubai (UAE) 2,138 43 2,127 43 0.5 Al Baraka Banking Group (Bahrain) 2,011 44 2,075 44 (3.1) Gulf Bank (Kuwait) 1,969 45 1,747 52 12.7 The National Bank of Ras Al Khaimah 1,917 46 1,942 46 (1.3) (RAKBank) (UAE) Bank of Beirut (Lebanon) 1,910 47 1,815 50 5.2 Fransabank (Lebanon) 1,868 48 1,866 49 0.1 Al Ahli Bank of Kuwait (Kuwait) 1,841 49 1,907 47 (3.5) Commercial Bank of Kuwait (Kuwait) 1,825 50 1,891 48 (3.5) Barwa Bank (Qatar) 1,794 51 1,765 51 1.6 QNB Al Ahli Bank (Egypt) 1,741 52 1,669 55 4.3 Commercial Bank of Syria** (Syria) 1,723 53 1,723 53 n.a. Bank Al Jazira*** (KSA) 1,684 54 1,642 56 2.6 Commercial International Bank (Egypt) 1,655 55 2,072 45 (20.1) Byblos Bank (Lebanon) 1,625 56 1,688 54 (3.7) Bank Albilad (KSA) 1,624 57 1,571 59 3.4 Crédit populaire d'Algérie* (Algeria) 1,600 58 1,600 57 n.a. Al Khalij Commercial Bank (al Khaliji) (Qatar) 1,589 59 1,589 58 n.a. Al Hilal Bank* (UAE) 1,556 60 1,556 60 n.a. BankMed (Lebanon) 1,479 61 1,501 61 (1.5) Qatar International Islamic Bank (Qatar) 1,429 62 1,475 62 (3.1) The Housing Bank for Trade and Finance 1,402 63 1,463 63 (4.2) (Jordan) Jumhouria Bank**** (Libya) 1,258 64 1,258 64 n.a. International Bank of Qatar* (Qatar) 1,248 65 1,248 66 n.a. Emirates Islamic Bank* (UAE) 1,225 66 1,225 67 n.a. Bank of Sharjah (UAE) 1,216 67 1,202 68 1.2 Sharjah Islamic Bank*** (UAE) 1,215 68 1,249 65 (2.7) Bank Dhofar (Oman) 1,189 69 846 83 40.5 Societe Generale De Banque Au Liban Sal 1,175 70 1,092 72 7.6 (Lebanon) Ahli Bank (Qatar) 1,171 71 1,146 71 2.2 Ahli United Bank (Kuwait) 1,169 72 1,159 69 0.9 Arab African International Bank* (Egypt) 1,155 73 1,155 70 n.a. National Bank of Fujairah (UAE) 1,108 74 916 80 21.0 Banque Libano-Francaise (Lebanon) 1,064 75 1,001 77 6.3 Société Générale Maroc* (Morocco) 1,047 76 1,047 73 n.a. National Bank of Bahrain (Bahrain) 1,020 77 1,005 75 1.5 Boubyan Bank (Kuwait) 1,014 78 1,028 74 (1.4) Bank of Bahrain and Kuwait (BBK) (Bahrain) 987 79 956 78 3.2 National Bank of Oman*** (Oman) 918 80 940 79 (2.3) Noor Bank* (UAE) 892 81 891 81 0.1 Banque Marocaine pour le Commerce et 857 82 1,005 75 (14.7)

Q2 2015 2014 Growth Equity Rank Equity Rank % l'Industrie (Morocco) Banque d'Agriculture et du Développement 854 83 854 82 n.a. Rural** (Algeria) Kuwait International Bank (Kuwait) 804 84 822 84 (2.2) United Arab Bank*** (UAE) 802 85 793 85 1.1 Credit Libanais (Lebanon) 800 86 714 86 12.0 Banque Internationale Arabe de Tunisie* 709 87 709 87 n.a. (Tunisia) Banque du Caire (Egypt) 689 88 689 88 n.a. Groupe Crédit Agricole du Maroc* (Morocco) 672 89 672 89 n.a. Bank Sohar (Oman) 628 90 500 94 25.6 Bank of Alexandria (Egypt) 601 91 656 90 (8.4) National Commercial Bank**** (Libya) 570 92 570 91 n.a. Faisal Islamic Bank of Egypt* (Egypt) 521 93 521 93 n.a. Ithmaar Bank (Bahrain) 510 94 523 92 (2.5) Crédit du Maroc* (Morocco) 487 95 487 95 n.a. BBAC (Lebanon) 462 96 413 97 11.9 Wahda Bank**** (Libya) 442 97 442 96 n.a. Sahara Bank**** (Libya) 355 98 355 98 n.a. Rafidain Bank*** (Iraq) 164 99 164 99 0 Rasheed Bank*** (Iraq) 74 100 74 100 0 TOTAL EQUITY 313,466 306,810 2.2 Source: Bank websites and Bankscope. Data for Iraqi banks are from the Central bank of Iraq. Notes: n.a. = not available. *2014. **2013. ***Q1 2015. ****Q2 2014.

6. Ranking of the Top 100 Arab Banks in Terms of Profits

Table 6: Ranking of the Top 100 Arab Banks by Profit – 2014 ($ Million) Net Profit Rank Qatar National Bank (Qatar) 2,890 1 National Commercial Bank (KSA) 2,343 2 Al Rajhi Bank (KSA) 1,832 3 First Gulf Bank (UAE) 1,553 4 National Bank of Abu Dhabi (UAE) 1,519 5 Emirates NBD (UAE) 1,400 6 Samba Financial Group (KSA) 1,336 7 Riyad Bank (KSA) 1,160 8 Abu Dhabi Commercial Bank (UAE) 1,144 9 SABB (KSA) 1,138 10 Banque Saudi Fransi (KSA) 938 11 National Bank of Kuwait (Kuwait) 935 12 Arab National Bank (KSA) 767 13 Dubai Islamic Bank (UAE) 764 14 Mashreq Bank (UAE) 677 15 Arab Bank (Jordan) 577 16 Attijariwafa Bank (Morocco) 569 17 Masraf Al Rayan (Qatar) 554 18 Union National Bank (UAE) 550 19 Kuwait Finance House (Kuwait) 547 20 The Commercial Bank (Qatar) 533 21

Net Profit Rank Ahli United Bank (Bahrain) 531 22 National Bank of Egypt (Egypt) 525 23 Commercial International Bank (Egypt) 524 24 Commercial Bank of Syria* (Syria) 523 25 Saudi Hollandi Bank (KSA) 486 26 Abu Dhabi Islamic Bank (UAE) 477 27 Qatar Islamic Bank (Qatar) 458 28 Bank Muscat (Oman) 424 29 The National Bank of Ras Al Khaimah (UAE) 396 30 Banque Nationale d'Algérie* (Algeria) 387 31 Saudi Investment Bank (KSA) 383 32 Doha Bank (Qatar) 373 33 BLOM Bank (Lebanon) 365 34 Groupe Banque Populaire (Morocco) 360 35 Trade Bank of Iraq (Iraq) 354 36 Banque Misr (Egypt) 352 37 Bank Audi S.A.L. (Lebanon) 350 38 Banque Extérieure D'Algérie (Algeria) 339 39 Alinma Bank (KSA) 337 40 Commercial Bank of Dubai (UAE) 327 41 QNB Al Ahli Bank (Egypt) 325 42 Arab Banking Corporation (Bahrain) 318 43 Banque Marocaine du Commerce Extérieur - BMCE Bank 298 44 (Morocco) Al Baraka Banking Group (Bahrain) 275 45 Burgan Bank (Kuwait) 250 46 Bank Albilad (KSA) 230 47 Qatar International Islamic Bank (Qatar) 227 48 Libyan Foreign Bank (Libya) 200 49 Crédit populaire d'Algérie* (Algeria) 200 50 Rafidain Bank (Iraq) 198 51 Barwa Bank (Qatar) 196 52 Noor Bank (UAE) 185 53 Banque du Caire (Egypt) 178 54 Bank of Beirut (Lebanon) 176 55 Byblos Bank (Lebanon) 175 56 The Housing Bank for Trade and Finance (Jordan) 175 57 Commercial Bank of Kuwait (Kuwait) 168 59 Fransabank (Lebanon) 167 58 Arab African International Bank (Egypt) 167 60 Ahli Bank (Qatar) 165 61 United Arab Bank (UAE) 165 62 Ahli United Bank (Kuwait) 159 63 International Bank of Qatar (Qatar) 159 64 Al Khaliji Commercial Bank (Qatar) 155 65 Bank Al Jazira (KSA) 153 66 Jumhouria Bank* (Libya) 151 67 National Bank of Bahrain (Bahrain) 142 68 National Bank of Fujairah (UAE) 138 69 Bank of Bahrain and Kuwait (BBK) (Bahrain) 134 70 BankMed (Lebanon) 133 71 National Bank of Oman (Oman) 131 72

Net Profit Rank Al Ahli Bank of Kuwait (Kuwait) 128 73 Gulf Bank (Kuwait) 121 74 Societe Generale De Banque Au Liban Sal (Lebanon) 120 75 Bank Dhofar (Oman) 105 76 Sharjah Islamic Bank (UAE) 103 77 Banque Libano-Francaise (Lebanon) 102 78 Bank of Alexandria (Egypt) 101 79 Emirates Islamic Bank (UAE) 99 80 Boubyan Bank (Kuwait) 97 81 Faisal Islamic Bank of Egypt (Egypt) 87 82 Gulf International Bank (Bahrain) 86 83 Bank of Sharjah (UAE) 78 84 Bank Sohar (Oman) 78 85 Banque Internationale Arabe de Tunisie (Tunisia) 77 86 Société Générale Maroc (Morocco) 70 87 Banque d'Agriculture et du Développement Rural* (Algeria) 66 88 Credit Libanais (Lebanon) 64 89 Groupe Crédit Agricole du Maroc (Morocco) 58 90 Rasheed Bank (Iraq) 55 91 Kuwait International Bank (Kuwait) 47 92 BBAC (Lebanon) 43 93 Banque Marocaine pour le Commerce et l'Industrie (Morocco) 40 94 Wahda Bank* (Libya) 31 95 Crédit du Maroc (Morocco) 27 96 Al Hilal Bank (UAE) 25 97 Sahara Bank* (Libya) 9 98 Ithmaar Bank (Bahrain) (9) 99 TOTAL PROFIT 39,840 Source: Bank websites and Bankscope. Data for Iraqi banks are from the Central bank of Iraq. Notes: *2013. No data is available for National Commercial Bank (Libya).

7. Classification of the Top 100 Arab Banks

Table 7 shows the ownership and type of business classification of the top 100 Arab banks, indicating whether the bank is public or private, and Islamic or conventional. We note that among the top 100 Arab banks, 49% are publicly owned, 59% are privately owned, 22% are Islamic, and 78% are conventional.

Table 7: Ownership and Type Classification of the Top 100 Arab Banks Ownership Type of Business Qatar National Bank (Qatar) Public Conventional National Commercial Bank (KSA) Public Conventional National Bank of Abu Dhabi (UAE) Public Conventional Emirates NBD (UAE) Public Conventional Rafidain Bank (Iraq) Public Conventional Al Rajhi Bank (KSA) Private Islamic National Bank of Kuwait (Kuwait) Public Conventional National Bank of Egypt (Egypt) Public Conventional First Gulf Bank (UAE) Private Conventional Samba Financial Group (KSA) Private Conventional Riyad Bank (KSA) Public Conventional

Ownership Type of Business Kuwait Finance House (Kuwait) Public Islamic Abu Dhabi Commercial Bank (UAE) Public Conventional SABB (KSA) Private Conventional Banque Saudi Fransi (KSA) Private Conventional Arab Bank (Jordan) Private Conventional Rasheed Bank (Iraq) Public Conventional Attijariwafa Bank (Morocco) Private Conventional Arab National Bank (KSA) Private Conventional Bank Audi (Lebanon) Private Conventional Dubai Islamic Bank (UAE) Public Islamic Banque Misr (Egypt) Public Conventional Ahli United Bank (Bahrain) Private Conventional Groupe Banque Populaire (Morocco) Public Conventional The Commercial Bank (Qatar) Private Conventional Qatar Islamic Bank (Qatar) Private Islamic Abu Dhabi Islamic Bank (UAE) Private Islamic Mashreq Bank (UAE) Private Conventional Banque Extérieure D'Algérie (Algeria) Public Conventional BLOM Bank (Lebanon) Private Conventional Union National Bank (UAE) Public Conventional Arab Banking Corporation (Bahrain) Public Conventional Banque Nationale d'Algérie (Algeria) Public Conventional Trade Bank of Iraq (Iraq) Public Conventional Banque Marocaine du Commerce Extérieur (Morocco) Private Conventional Saudi Hollandi Bank (KSA) Public Conventional Bank Muscat (Oman) Private Conventional Burgan Bank (Kuwait) Private Conventional Jumhouria Bank (Libya) Public Conventional Saudi Investment Bank (KSA) Private Conventional Al Baraka Banking Group (Bahrain) Private Islamic Gulf International Bank (Bahrain) Public Conventional Doha Bank (Qatar) Private Conventional Masraf Al Rayan (Qatar) Private Islamic Libyan Foreign Bank (Libya) Public Conventional Alinma Bank (KSA) Private Islamic Commercial International Bank (Egypt) Private Conventional Byblos Bank (Lebanon) Private Conventional Fransabank (Lebanon) Private Conventional Bank Al Jazira (KSA) Private Islamic Gulf Bank (Kuwait) Private Conventional Crédit Populaire d'Algérie (Algeria) Public Conventional BankMed (Lebanon) Private Conventional Bank of Beirut (Lebanon) Private Conventional QNB Al Ahli Bank (Egypt) Public Conventional Al Khalij Commercial Bank (al Khaliji) (Qatar) Public Conventional Societe Generale De Banque Au Liban Sal (Lebanon) Private Conventional Banque d'Agriculture et du Développement Rural Public Conventional (Algeria) Commercial Bank of Kuwait (Kuwait) Private Conventional Commercial Bank of Dubai (UAE) Private Conventional Bank Albilad (KSA) Private Islamic Ahli United Bank (Kuwait) Private Islamic

Ownership Type of Business National Commercial Bank (Libya) Public Conventional Al Ahli Bank of Kuwait (Kuwait) Private Conventional Emirates Islamic Bank (UAE) Public Islamic Barwa Bank (Qatar) Private Islamic Banque Libano-Francaise (Lebanon) Private Conventional Al Hilal Bank (UAE) Public Islamic Arab African International Bank (Egypt) Public Conventional The Housing Bank for Trade and Finance (Jordan) Public Conventional Qatar International Islamic Bank (Qatar) Private Islamic Wahda Bank (Libya) Public Conventional Banque du Caire (Egypt) Public Conventional The National Bank of Ras Al Khaimah (RAKBank) (UAE) Public Conventional Bank of Bahrain and Kuwait (BBK) (Bahrain) Private Conventional Boubyan Bank* (Kuwait) Public Islamic Credit Libanais (Lebanon) Private Conventional Sahara Bank (Libya) Public Conventional Groupe Crédit Agricole du Maroc (Morocco) Public Conventional Société Générale Maroc (Morocco) Private Conventional Ahli Bank (Qatar) Private Conventional Bank Dhofar (Oman) Private Conventional Ithmaar Bank (Bahrain) Private Islamic International Bank of Qatar (Qatar) Private Conventional Commercial Bank of Syria (Syria) Public Conventional National Bank of Oman (Oman) Private Conventional Noor Bank (UAE) Private Islamic National Bank of Bahrain (Bahrain) Public Conventional National Bank of Fujairah (UAE) Public Conventional Sharjah Islamic Bank (UAE) Public Islamic Bank of Sharjah (UAE) Private Conventional United Arab Bank (UAE) Private Conventional Faisal Islamic Bank of Egypt (Egypt) Private Islamic Banque Marocaine pour le Commerce et l'Industrie Private Conventional (Morocco) Bank of Alexandria (Egypt) Private Conventional Kuwait International Bank (Kuwait) Private Islamic BBAC (Lebanon) Private Conventional Crédit du Maroc (Morocco) Private Conventional Bank Sohar (Oman) Private Conventional Banque Internationale Arabe de Tunisie (Tunisia) Private Conventional Source: Bank websites, Bankscope and Bloomberg Business. *This bank is owned by a government owned (public) bank.

8. Main Financial Indicators of the Top 100 Arab Banks

Table 8 presents the development of some financial indicators of the top 100 Arab banks over the past 2 years. It shows the development of equity-to-asset ratios (as a proxy for capitalization), the development of loan-to-deposit ratios (as a proxy for liquidity), as well as the return on average assets ROA and the return on average equity ROE (as a proxy for profitability).

Table 8: Main Financial Indicators of the Top 100 Arab Banks Capitalization Liquidity Profitability Equity/Assets Loans/Deposits ROA ROE Q2 2015 2014 Q2 2015 2014 2014 2014 Qatar National Bank (Qatar) 11.3 11.9 93.4 93.8 2.3 19.0 National Commercial Bank (KSA) 10.9 10.8 64.6 66.3 2.1 19.6 National Bank of Abu Dhabi (UAE) 10.6 10.1 94.7 79.9 1.5 15.4 Emirates NBD (UAE) 12.3 12.9 93.3 95.2 1.5 11.6 Rafidain Bank*** (Iraq) 0.08 0.2 18.8 42.4 0.2 121.0 Al Rajhi Bank (KSA) 13.5 13.6 79.0 80.4 2.3 17.0 National Bank of Kuwait (Kuwait) 13.5 13.2 105.8 105.8 1.3 9.6 National Bank of Egypt* (Egypt) n.a. 5.5 n.a. 29.6 0.9 17.6 First Gulf Bank (UAE) 15.3 16.4 106.1 98.9 2.8 17.3 Samba Financial Group*** (KSA) 17.5 17.9 75.5 75.8 2.4 13.6 Riyad Bank (KSA) 16.4 16.6 82.2 81.4 2.1 12.5 Kuwait Finance House (Kuwait) 12.1 12.2 74.1 76.7 1.0 7.8 Abu Dhabi Commercial Bank (UAE) 12.6 12.9 110.7 111.5 2.2 16.4 SABB (KSA) 14.2 13.9 83.8 79.0 2.4 17.4 Banque Saudi Fransi (KSA) 15.0 14.0 87.5 80.2 1.9 14.2 Arab Bank (Jordan) 16.7 16.4 69.3 66.6 1.2 7.4 Rasheed Bank*** (Iraq) 0.2 0.1 41.3 34.1 0.1 74.2 Attijariwafa Bank* (Morocco) n.a. 10.1 n.a. 100.5 1.2 12.5 Arab National Bank (KSA) 12.9 12.5 83.9 80.0 1.9 14.4 Bank Audi (Lebanon) 7.4 8.0 49.0 48.3 0.9 11.6 Dubai Islamic Bank (UAE) 14.6 14.3 79.8 80.1 2.3 16.5 Banque Misr* (Egypt) n.a. 7.3 n.a. 22.3 1.0 14.4 Ahli United Bank (Bahrain) 12.6 11.5 82.7 80.3 1.6 14.4 Groupe Banque Populaire (Morocco) 10.4 10.3 88.3 89.7 1.0 9.7 The Commercial Bank (Qatar) 14.5 15.3 113.2 117.8 1.7 11.3 Qatar Islamic Bank (Qatar) 13.9 14.7 90.4 89.6 1.9 12.0 Abu Dhabi Islamic Bank (UAE) 11.9 12.2 83.7 89.4 1.6 13.1 Mashreq Bank (UAE) 15.6 16.0 74.7 84.7 2.5 15.5 Banque Extérieure D'Algérie* n.a. 9.4 n.a. 41.9 1.2 12.3 (Algeria) BLOM Bank (Lebanon) 8.9 9.0 28.4 28.8 1.4 15.0 Union National Bank (UAE) 16.7 18.1 92.4 95.0 2.2 12.5 Arab Banking Corporation (Bahrain) 15.1 15.1 106.6 106.3 1.1 7.2 Banque Nationale d'Algérie** n.a. n.a. n.a. n.a. n.a. n.a. (Algeria) Trade Bank of Iraq*** (Iraq) 7.5 7.1 53.2 32.8 1.1 15.5 Banque Marocaine du Commerce n.a. 8.4 n.a. 96.2 1.1 12.8 Extérieur* (Morocco) Saudi Hollandi Bank (KSA) 10.9 11.1 85.4 84.8 2.1 18.1 Bank Muscat (Oman) 12.6 13.5 92.4 103.1 1.8 12.7 Burgan Bank (Kuwait) 11.9 12.3 92.4 93.2 1.0 9.1 Jumhouria Bank**** (Libya) n.a. 5.0 n.a. 33.2 n.a. n.a. Saudi Investment Bank (KSA) 12.9 12.7 81.1 81.3 1.7 13.0 Al Baraka Banking Group (Bahrain) 8.4 8.8 80.4 80.7 1.2 13.5 Gulf International Bank (Bahrain) 10.4 11.0 60.0 62.0 0.4 3.7 Doha Bank (Qatar) 15.8 15.0 102.6 105.7 1.9 12.0 Masraf Al Rayan (Qatar) 14.1 14.6 101.9 92.5 2.8 18.0 Libyan Foreign Bank*** (Libya) 20.5 19.4 15.5 11.4 0.9 4.5 Alinma Bank (KSA) 21.9 22.2 87.7 90.3 1.8 7.3

Capitalization Liquidity Profitability Equity/Assets Loans/Deposits ROA ROE Q2 2015 2014 Q2 2015 2014 2014 2014 Commercial International Bank 7.7 10.3 38.2 39.9 2.8 26.7 (Egypt) Byblos Bank (Lebanon) 8.5 8.9 29.4 30.4 0.9 10.5 Fransabank (Lebanon) 9.8 9.9 37.1 38.1 0.9 9.5 Bank Al Jazira*** (KSA) 9.1 9.3 73.8 75.6 0.9 9.6 Gulf Bank (Kuwait) 11.4 9.6 102.4 97.8 0.7 7.0 Crédit Populaire d'Algérie* (Algeria) n.a. 9.3 n.a. 65.6 1.2 12.1 BankMed (Lebanon) 9.2 9.7 37.8 37.6 0.9 9.4 Bank of Beirut (Lebanon) 12.4 12.2 35.8 37.4 1.2 10.5 QNB Al Ahli Bank (Egypt) 11.2 11.5 55.3 54.9 2.5 20.9 Al Khalij Commercial Bank (al 10.3 11.3 100.2 97.9 1.2 9.9 Khaliji) (Qatar) Societe Generale De Banque Au Liban 7.6 7.9 32.3 32.2 1.1 14.5 Sal (Lebanon) Banque d'Agriculture et du n.a. n.a. n.a. n.a. n.a. n.a. Développement Rural** (Algeria) Commercial Bank of Kuwait (Kuwait) 12.9 13.1 77.3 90.8 1.2 8.6 Commercial Bank of Dubai (UAE) 15.2 16.6 106.6 100.0 2.6 16.0 Bank Albilad (KSA) 12.4 13.0 82.7 77.2 2.1 15.7 Ahli United Bank (Kuwait) 9.4 9.4 109.4 101.1 1.3 13.8 National Commercial Bank**** n.a. 4.6 n.a. 29.8 (Libya) Al Ahli Bank of Kuwait (Kuwait) 15.0 16.0 126.1 125.0 1.1 6.7 Emirates Islamic Bank* (UAE) n.a. 10.5 n.a. 90.9 0.9 7.8 Barwa Bank (Qatar) 15.8 16.8 105.3 105.4 2.0 11.7 Banque Libano-Francaise (Lebanon) 9.4 8.9 40.7 42.0 0.9 10.2 Al Hilal Bank* (UAE) n.a. 13.8 n.a. 99.2 0.2 1.9 Arab African International Bank* n.a. 10.5 n.a. 47.2 1.7 15.3 (Egypt) The Housing Bank for Trade and 12.7 13.7 55.2 49.8 1.7 11.8 Finance (Jordan) Qatar International Islamic Bank 13.5 14.0 93.0 82.0 2.3 15.7 (Qatar) Banque du Caire* (Egypt) n.a. 6.7 n.a. 45.0 1.8 26.2 The National Bank of Ras Al Khaimah 18.5 20.5 103.9 103.7 4.5 21.3 (RAKBank) (UAE) Wahda Bank**** (Libya) n.a. 4.4 n.a. 30.1 n.a. n.a. Bank of Bahrain and Kuwait 9.8 10.3 68.6 74.7 1.5 14.5 (Bahrain) Boubyan Bank (Kuwait) 10.6 11.4 88.1 86.7 1.2 9.8 Credit Libanais (Lebanon) 8.4 7.8 37.2 36.0 0.7 9.2 Sahara Bank**** (Libya) n.a. 3.8 n.a. 19.2 n.a. n.a. Groupe Crédit Agricole du Maroc* n.a. 7.2 n.a. 100.6 0.6 8.7 (Morocco) Société Générale Maroc* (Morocco) n.a. 11.2 n.a. 120.4 0.7 6.5 Ahli Bank (Qatar) 12.8 13.3 103.0 107.1 2.1 15.5 Bank Dhofar (Oman) 13.5 10.2 95.3 90.8 1.4 12.9 Ithmaar Bank (Bahrain) 5.9 6.7 94.1 101.4 (0.1) (1.2) International Bank of Qatar* (Qatar) n.a. 14.7 n.a. 93.6 1.9 12.9 Commercial Bank of Syria** (Syria) n.a. n.a. n.a. n.a. n.a. n.a.

Capitalization Liquidity Profitability Equity/Assets Loans/Deposits ROA ROE Q2 2015 2014 Q2 2015 2014 2014 2014 National Bank of Oman*** (Oman) 11.0 12.1 97.9 106.4 1.7 14.6 Noor Bank* (UAE) n.a. 11.3 n.a. 75.6 2.6 23.7 National Bank of Bahrain (Bahrain) 13.3 13.8 41.4 33.0 1.9 14.4 National Bank of Fujairah (UAE) 14.6 13.7 94.7 91.1 2.2 15.8 Sharjah Islamic Bank*** (UAE) 16.3 17.6 105.0 99.2 1.6 8.3 Bank of Sharjah (UAE) 16.6 17.6 83.0 79.1 1.1 6.5 United Arab Bank*** (UAE) 11.1 11.3 99.5 95.8 2.6 22.4 Faisal Islamic Bank of Egypt* (Egypt) n.a. 7.4 n.a. 10.8 1.3 17.7 Banque Marocaine pour le Commerce 12.9 13.7 119.0 92.7 0.5 4.1 et l'Industrie (Morocco) Bank of Alexandria (Egypt) 10.1 10.5 63.4 57.6 1.7 15.5 Kuwait International Bank (Kuwait) 14.4 14.5 111.2 108.6 0.9 5.7 BBAC (Lebanon) 8.3 7.5 31.1 29.9 0.8 10.4 Crédit du Maroc* (Morocco) n.a. 9.0 n.a. 94.8 0.5 5.3 Bank Sohar (Oman) 11.6 9.3 101.2 91.7 1.5 16.5 Banque Internationale Arabe de n.a. 13.9 n.a. 80.0 1.4 10.3 Tunisie* (Tunisia) Notes: n.a. = not available. *2014. **2013. ***Q1 2015. **** Q2 2014.

9. Top 10, 20, and 50 Arab Banks

The list of the largest 10 Arab banks(in terms of assets) as of June 2015 includes Qatar National Bank (Qatar), National Commercial Bank (KSA), National Bank of Abu Dhabi (UAE), Emirates NBD (UAE), Rafidain Bank (Iraq),Al Rajhi Bank (KSA), National Bank of Kuwait (Kuwait), National Bank of Egypt (Egypt), First Gulf Bank (UAE), and Samba Financial Group (KSA).

Table 9: Consolidated Figures of the 10, 20, and 50 Largest Arab Banks ($ Billions) Top 10 Top 20 Top 50 Q2 2015 2014 Q2 2015 2014 Q2 2015 2014 Assets 1,032.9 876.7 1,537.2 1,376.4 2,353.8 2,170.3 % of the Total Arab 32 29 48 45 73 72 Banking Sector % of Top 100 Arab Banks 36 33 54 52 82 81 Deposits 648.6 596.1 990.7 935.7 1,570.9 1,493.6 % of the Total Arab 32 30 48 47 77 75 Banking Sector % of Top 100 Arab Banks 34 32 51 51 81 81 Loans 489.6 457.4 764.8 730.6 1,175.2 1,128.8 % of the Total Arab 30 29 47 46 72 70 Banking Sector % of Top 100 Arab Banks 34 33 53 52 81 81 Equity 98.9 93.7 159.1 155.1 256.4 250.7 % of the Total Arab 29 29 46 48 75 77 Banking Sector % of Top 100 Arab Banks 32 31 51 51 82 82 Source: UAB staff calculations.

The consolidated assets of this group of banks amounted to around$1,033 billion by the end of June 2015, their deposits about $649 billion, their loans about $490 billion, and their consolidated equity about $99 billion. These 10 banks form a large portion of the Arab banking sector, where they dominate about 32% of the sector’s total assets and deposits, 30% of loans, and 29% of equity. They also form around 36% of the assets of the top 100 banks shown above, 34% of deposits and loans, and 32% of equity. We note that 8 of the top 10 Arab banks are from Gulf countries. Table 11 presents the consolidated figures as well as the concentration of the top 10, 20, and 50 Arab banks with respect to the total Arab banking sector and the top 100 Arab banks.

Union of Arab Banks – Research Department Email: [email protected] Phone: 00961 1 785711