ID :
106019
Thu, 02/11/2010 - 14:17
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https://oananews.org//node/106019
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10 UAE banks among world's top 500 brands
Abu Dhabi, Feb 11, 2010 (WAM)- Ten UAE banks have been ranked among the world's top 500 financial institutional brands, according to The Banker's Top 500 Banking Brands listing according to a report in 'Emirates Business 24|7'
Emirates NBD topped the list of local as well as regional banking brands, ranked 142nd globally with US$943 million (Dh3.46 billion) brand value and market capitalisation of US$6.734bn.
National Bank of Abu Dhabi saw its ranking improving substantially in 2009 to 156th from 199th place in the previous year. The bank brand value also went up from US$364m in 2008 to US$835m in 2009. It had a market capitalisation of US$8.228bn.
First Gulf Bank saw increase in its ranking and brand value last year. Ranked 217th globally and third in the UAE, its brand value rose to US$517m in 2009 from US$202m in the previous year. Abu Dhabi Commercial Bank ranked 248 in 2009 with brand value of US$394m and market cap of US$2.75bn. The bank's brand value was US$324m.
Emirates NBD topped the list of local as well as regional banking brands, ranked 142nd globally with US$943 million (Dh3.46 billion) brand value and market capitalisation of US$6.734bn.
National Bank of Abu Dhabi saw its ranking improving substantially in 2009 to 156th from 199th place in the previous year. The bank brand value also went up from US$364m in 2008 to US$835m in 2009. It had a market capitalisation of US$8.228bn.
First Gulf Bank saw increase in its ranking and brand value last year. Ranked 217th globally and third in the UAE, its brand value rose to US$517m in 2009 from US$202m in the previous year. Abu Dhabi Commercial Bank ranked 248 in 2009 with brand value of US$394m and market cap of US$2.75bn. The bank's brand value was US$324m.
