The major players

October 2003
Middle East;Oct2003, Issue 338, p41
The article presents a brief information about financial status of several banks in the Middle East as of October 2003. The National Bank of Kuwait (NBK), has the highest financial strength rating among emerging market banks according to several global rating agencies. During the first half of 2003, NBK's returns on equity and assets were 26.7% and 2.2%, respectively, high by industry standards. The Saudi British Bank (SABB) has growing/diverse franchises, ranging from personal, corporate to investment-brokerage businesses. In early 2003, SABB worked with the Gulf International Bank on the $4bn Saudi Telecom initial public offerings, the region's largest-ever privatization deal. The National Bank of Dubai, the most heavily capitalized of Arab banks, remains a market leader in technology and internal control mechanism and its credit processes are among the best in the UAE. Jordan-based Arab Bank is the only non-GCC bank that is truly a global player, with over 400 branches and offices spread across five continents.


Related Articles

  • Maybe a Private Sale, But How About a Public One? O'Connor, Colleen Marie // Investment Dealers' Digest;6/19/2006, Vol. 72 Issue 24, p6 

    The article discusses the consideration of initial public offering (IPO) of state lottery in Illinois. Several bankers agreed that if the state wants to take the lottery to public, it would probably do a hybrid privatization. In addition, it could be done by selling the lottery to a private...

  • New Equity Markets and Bank Deregulation. Beneda, Nancy L.; Kwon, Ik-Whan G. // Bank Accounting & Finance (08943958);Jun2004, Vol. 17 Issue 4, p3 

    Focuses on commercial bank participation in initial public offering (IPO) underwriting. Information on Section 20 of the Glass-Steagall Act of 1933; Risks and costs involved with issuing IPO; Background on the reputation capital theory.

  • IPOs IN THE U.S.  // Investment Dealers' Digest;6/7/2004, Vol. 70 Issue 23, p32 

    Presents data on initial public offerings (IPOs) in the United States as of June 2004. Calendar; IPOs priced; Filings; Coming out of the quiet period; Withdrawal activity.

  • Bank of China's IPO Attracts Big Demand. Platt, Gordon // Global Finance;Jun2006, Vol. 20 Issue 6, p72 

    The article focuses on the market response towards the initial introduction of the Bank of China Ltd.'s initial public offering (IPO) in Hong Kong, China. After only one day of taking orders, the share sale attracted applications for more than three times the shares set aside for institutional...

  • VALUATION UNCERTAINTY AND IPOs: INVESTMENT BANK VERSUS COMMERCIAL BANK UNDERWRITERS. Hebb, Gregory M.; MacKinnon, Gregory H. // Journal of Economics & Finance;Spring2004, Vol. 28 Issue 1, p68 

    This paper tests commercial bank underwriting for the existence of a conflict of interest versus a certification role. Our tests compare samples of equity IPOs underwritten by both commercial and investment banks. We examine the degree of asymmetric information present in the market for these...

  • The latest IPO Newcomer. Tunick, Britt Erica // Investment Dealers' Digest;4/12/2004, Vol. 70 Issue 15, p7 

    Reports on the growing interest of bankers in business development companies in the U.S. as an alternative initial public offering structure. Concept business development companies; Similarity to mutual funds.

  • Exchange bank IPO on the way.  // MEED: Middle East Economic Digest;4/16/2004, Vol. 48 Issue 16, p19 

    Reports on the initial public offering (IPO) of a local exchange bank in Saudi Arabia. Founding shareholders of the bank; Factor that will determine the timing of the IPO; Target market of the bank.

  • Google's Unconventional IPO Risks Ire of Wall Street. Conrad, Lee // U.S. Banker;Aug2004, Vol. 114 Issue 8, p54 

    Focuses on the initial public offering announcement of Google Inc. in the U.S. Means of using a Dutch auction to limit the role and fees of investment banks; Revenues of banks; Details on the competition in all aspects of the banking business.

  • Visa Europe Votes to Stay Independent.  // American Banker;9/28/2007, Vol. 172 Issue 188, p6 

    This article reports that Visa Europe said its member banks approved its separation from Visa Inc., which plans an initial public offering in the United States. The credit card giant announced that the banks voted to remain a separate, member-owned company at a general meeting on September 27, 2007.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics