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11-Apr-2016

Japanese banks top GCC loan table for second straight quarter

Sumitomo Mitsui Financial Group was the top loan arranger for the second straight quarter in the six-nation Gulf Cooperation Council, a first for an Asian bank in the region according to data compiled by Bloomberg. Meanwhile HSBC, which has led on an annual basis for four years, was second and Mitsubishi Financial Group took the third spot. NBAD was the only regional bank in the top 10. Sumitomo also claimed the top spot in the fourth quarter of 2015, lending USD1.9 billion, a record for the bank. Mizuho Financial Group, another Japanese bank, was second in the period and Mitsubishi was again in third in 4Q2015. (Bloomberg)   Natl. Bank of AD (AD)   : AED8.75 as of 10 April 2016, Rating: Neutral, FV: AED9.10 per share, MCap: USD12,421 million, NBAD UH / NBAD.AD

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