Quotes: 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.

 


MENAFN Press




  MENA News Headlines
 Nov 27 2014 - Lebanon mourns 'songbird' SabahArab News
(MENAFN - Arab News) BEIRUT: Iconic Lebanese singer and actress Sabah died Wednesday at the age of 87 after a seven-decade career and a colorful love life that kept her in the headlines until the ...

 Nov 27 2014 - Egypt drops ban on 'adults only' filmArab News
(MENAFN - Arab News) CAIRO: An Egyptian court has revoked a government ban on a film by Lebanese star Haifa Wehbe that had been deemed sexually provocative judicial sources said on Wednesday.In April ...

 Nov 27 2014 - Saudi- Prince vanishes from social mediaArab News
(MENAFN - Arab News) NEW YORK: Prince whose distaste for the music industry's conventions is well known has abruptly disappeared from social media after tentative efforts to promote his two new ...

 Nov 27 2014 - Saudi- Cumberbatch quits smokingArab News
(MENAFN - Arab News) LONDON: 'Sherlock' star Benedict Cumberbatch has revealed he left smoking one month back.The 38-year-old actor said staying away from cigarette is helping him stay healthy ...

 Nov 27 2014 - Saudi- Dilip Kumar perfectly fine: Big BArab News
(MENAFN - Arab News) MUMBAI: Thespian Dilip Kumar is 'perfectly fine' says actor Amitabh Bachchan quashing rumors of the former's health scare.Social networking platforms were abuzz with rumors ...

 Nov 27 2014 - Saudi- Turki Khan: Changing society one step at a timeArab News
(MENAFN - Arab News) Dreams ambitions and determination have no limits dedication to those three traits can take that dreamer ambition-seeker and determined young man or woman to places he or she ...

 Nov 27 2014 - Saudi- Exploring fine art through pencilArab News
(MENAFN - Arab News) Eman Al-Qahtani is a successful talented and ambitious young Saudi artist. She combines thoughts and colors in her paintings. She has her own art method; a painting is to deliver ...

 Nov 27 2014 - Saudi- Qatar lifts 22nd Arabian Gulf CupArab News
(MENAFN - Arab News) Qatar rallied to get the better of Saudi Arabia 2-1 to win the 22nd Arabia Gulf Cup football tournament at the King Fahd International stadium in Riyadh Wednesday night.Playing ...

 Nov 27 2014 - Saudi- Al Kabeer climbs to No. 2 after honors sweep in Globe CupArab News
(MENAFN - Arab News) One mighty performance that saw Al Kabeer Frozen Foods sweep honors had the defending champion moving up the leaderboard after the eighth week in the Thursday League 12th ...

 Nov 27 2014 - Al-Taib wins Fastest Car Race 2014 in RiyadhArab News
(MENAFN - Arab News) Ahmed Al-Taib a Saudi topped the Fastest Car Race 2014 which was organized at Dirab Park racetrack in Riyadh. Al-Taib won the race in a Porsche 911 Turbo which is characterized ...

more...


 






Google

Click to Apply

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help