Singapore Bank no longer World Safest with Qatar Tops

The Qatar Investment Authority, a sovereign wealth fund, has big stakes in Agricultural Bank of China Ltd., Barclays Plc, Credit Suisse Group AG  and Tiffany & Co. It owns London department store Harrods outright.

As Qatar’s government has spread its financial wings, the country’s biggest financial institution, Qatar National Bank, has been at its side. Under Ali Shareef Al Emadi, its chief executive officer since 2005, QNB has become the largest lender in the Middle East and one of the most profitable. Even as the bank has expanded, Al Emadi has maintained QNB’S capital base and aversion to risk.

As a result, based on its performance in fiscal year 2012, Qatar National Bank is No. 1 in Bloomberg Markets’ third annual ranking of the world’s strongest banks.

The convulsions that have rippled across the region, including the Arab Spring revolts and a near default in the nearby emirate of Dubai, have only brought new money to Al Emadi’s door.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu