National Bank of Abu Dhabi (NBAD) has again been ranked among the World’s 50 safest banks for the sixth consecutive year by Global Finance, a prestigious international financial magazine.

NBAD ranks 25th on the list, up 10 positions from the number 35 spot it held in the previous year.

NBAD still remains the safest bank in the Middle East and Emerging Markets.

Global Finance’s annual ranking of the World’s 50 Safest Banks is a recognised and trusted standard of credit worthiness for the entire financial world, the bank said.

Alex Thursby, the group chief executive officer of NBAD, said: “We are very proud to once again be listed among the World’s 50 Safest Banks and the safest in the emerging markets and Middle East, especially as we have moved up 10 positions to 25th in the rankings during a period of significant change and increasing regulation.”

Thursby added: “This recognition reflects the successful execution of our strategy and our continuous focus on safety. NBAD’s strong credit ratings combined with the Bank’s ranking amongst the World’s 50 Safest Banks will serve us well as we execute our strategic growth objectives across the West-East Corridor.”

Global Finance selects banks for this list through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s, and Fitch—and total assets of the 500 largest banks worldwide.

Joseph D Giarraputo, publisher of Global Finance, said: “With geopolitical risk rising in some markets and globalisation continuing apace, it is essential for companies to work with banking partners they know they can trust. This ranking offers companies an objective tool for evaluating the stability and security of the world’s banks—both globally and by region.”  – TradeArabia News Service