Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

QNB is the Middle Easts Most Valuable Bank Brand  Join our daily free Newsletter

MENAFN Press - 02/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) The Brand Finance Banking 500, released today, is an annual study conducted by Brand Finance plc, the world's leading brand valuation consultancy, and published in the February edition of 'The Banker' magazine. The world's biggest banks are ranked by their brand value, with the results reflecting industry trends and indicating future developments



Middle East banks have had an extremely successful year, almost all improving their global rank with at least double digit brand value % growth. QNB leads the group for another year with a brand value of US1.8 billion. This is up 38.5% on 2013, an increase of over half a billion dollars. This puts QNB just outside the global top 100, but with such impressive growth it is sure to break into that group next year



Banks from the UAE represent the greatest total brand value of any Middle Eastern country, with a combined brand value of nearly US6 billion. Emirates NBD leads the Emirati pack with a brand value of US1.27 billion. It has overtaken the National Bank of Abu Dhabi, the only bank in the Middle East top 10 to have lost brand value



Saudi Arabia, with the second highest national total, has closed the gap on UAE slightly. Its banks added a combined 1.7 billion this year in contrast to a figure of 1.5 billion for the UAE. Saudi's top bank placed 2nd in the Middle East overall and edged closer to the top spot. 45% brand value growth lifts Al-Rajhi Bank's total to US1.72 billion, bringing it within US100 million of QNB



Oman's top bank, Bank Muscat, is the only bank brand from its country to make the global top 500. It too has enjoyed a successful year, growing 30% to reach a total brand value of US309 million



Commenting on the results, Yousef Darwish, QNB GM Communications, stated "This is a notable achievement for The QNB Group and continues the impressive momentum delivered over recent years. As 'The World's Strongest Bank', the importance of our brand and how it is perceived by our diverse range of stakeholders is paramount across our 26 countries of operation. Brand Finance's data confirms that we are making good progress and continue to be the most valuable brand value across the MENA region. Looking to the future, The QNB Group vision is to be an icon in the Middle East and Africa by 2017.



Wells Fargo has held its position as the world's most valuable banking brand, with a total brand value of over US30 billion. Western brands in general have shown promising improvements. HSBC's brand value has grown by US 4 billion, while UBS' is up US3.35 billion, a 46% increase. Meanwhile the total for Greece is up over 100% as successful austerity measures have begun to rapidly transform the country's economic outlook



Notable results from elsewhere in the world included the halting of rapid growth in some BRIC countries, namely Russia, India and Brazil. Their national brand value totals are down 6%, 13% and 23% respectively. China, however, continues to grow strongly. Its banks have added a total of nearly US19 billion and there are now 3 Chinese bank brands in the global top ten


About Brand Finance
Brand Finance is the world's leading brand valuation consultancy, with offices in over 15 countries. We provide clarity to marketers, brand owners and investors by quantifying the financial value of brands. Drawing on expertise in strategy, branding, market research, visual identity, finance, tax and intellectual property, Brand Finance helps clients make the right decisions to maximise brand and business value. About The BankerThe Banker is the world's premier banking and finance resource, providing global financial intelligence since 1926, published by the Financial Times ltd.The Banker combines in-depth regional and country coverage reporting on capital markets, structured finance, risk management, working capital management and securities services, environmental finance, trade and project finance, trading, technology and management and governance issues. The Banker/Brand Finance Banking 500 is published in The Banker February edition, to find out more email thebanker@ft.com or visit thebanker.com/topbankingbrands.Brian Caplen has been a financial and business journalist for more than 25 years He has worked in Hong Kong and the Middle East and reported from all over the world. He joined The Banker in 2000 and became editor in 2003.

 






  MENA News Headlines
 Sep 2 2014 - Egypt military academy stampede kills 9Arab News
(MENAFN - Arab News) CAIRO Nine people were killed on Tuesday in a stampede outside a military academy in Egypt by relatives seeking to visit cadets the army said in a statement.The military released ...

 Sep 2 2014 - Attack on Egypt security convoy kills 11 in SinaiArab News
(MENAFN - Arab News) CAIRO: An attack on a convoy killed 11 members of the Egyptian security forces in the Sinai Peninsula on Tuesday security and medical sources said.Two were killed by a roadside ...

 Sep 2 2014 - UAE- Human League to perform in DubaiKhaleej Times
(MENAFN - Khaleej Times) The Human League bring their electro-pop back catalogue to Dubai New wave legends The Human League will bathe The Irish Village in synths for their show on Thursday September ...

 Sep 2 2014 - UAE- Ismail Matar backs Mahdis contract extensionKhaleej Times
(MENAFN - Khaleej Times) Matar hinted that het could be able to return to the pitch in two weeks time after covering half of the four-week period decided by the doctors for his recovery.Dubai: Al ...

 Sep 2 2014 - Dubai does well to curb thalassaemia in newbornsKhaleej Times
(MENAFN - Khaleej Times) Drop in the number of disease cases attributed to awareness campaigns screenings.The number of cases of thalassaemia in newborns in Dubai has drastically reduced due to the ...

 Sep 2 2014 - UAE- Umm Al Quwain offers 50 per cent off on traffic finesKhaleej Times
(MENAFN - Khaleej Times) The 50 per cent cut on pending fines includes unpaid fines for speeding and other traffic violations available till December 5.The UAQ Police are offering a 50 per cent ...

 Sep 2 2014 - UAE- Ajman launches online renewal of car registrationKhaleej Times
(MENAFN - Khaleej Times) The programme also provides the opportunity for public to renew their registration card without having to visit the traffic department.The Ajman Police on Monday launched its ...

 Sep 2 2014 - UAE- Cop accused of kidnapping raping womanKhaleej Times
(MENAFN - Khaleej Times) He drove her to a dark location near a construction site after offering a lift where he allegedly raped her.A cop has been charged in the Court of First Instance with ...

 Sep 2 2014 - UAE- Manager blackmails women staff for sex court hearsKhaleej Times
(MENAFN - Khaleej Times) Three women have complained against the 31-year-old man alleging that he had been constantly sexually harassing them.A Palestinian manager has been brought before the Court ...

 Sep 2 2014 - UAE- 22-year-old Indian found hanging from treeKhaleej Times
(MENAFN - Khaleej Times) Police patrols and paramedics were rushed to the spot who took down the body and transferred it to Al Dhaid Hospital for an autopsy.A 22-year-old Indian man was found hanging ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help