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Tribune News Network
Doha
Al Khalij Commercial Bank (al khaliji) has been ranked as the best bank in Qatar in a global ranking of 1,000 of the world’s quoted banks in the inaugural issue of The Statement, a new banking magazine launched by the London-based Lafferty Group.
Al Khalij Commercial Bank is also ranked as one of the top 100 banks in the world.
The banks in Qatar are on average in line with the UK and rated higher than the banks in Egypt, the United Arab Emirates and the US, but lagging behind Saudi Arabia.
The research is generated from the Lafferty 1000 global banking database, which scores the one thousand banks for quality across 21 metrics and rates them from 1-star for the weakest to 5-stars for
the best.
The Statement is a new Lafferty Group digital banking magazine. It is being established at the height of the economic, financial and human crises caused by the global coronavirus pandemic in order to help progressive banks and bankers find a new way ahead for the industry.
The magazine takes as its starting point the current state of 1000 of the world’s largest quoted banks and rates each of them for their quality and sustainability using 21 metrics from financial performance to how they treat a range of stakeholders including staff, customers, the unbanked, regulators, the environment and not least shareholders.
Lafferty Group Chief Executive Michael Lafferty said, “Banks from emerging markets are now setting the pace in world banking. They are more focused and unfettered by the mistakes that have done so much damage to Western banks. These mistakes include a misguided love affair with universal banking and the destructive ideology of shareholder value.”
Lafferty 1000 Database and Research Manager Alexander Erickson said, “Emerging market banks are becoming key and prominent players in banking, particularly in areas such as financial inclusion, diversity and climate risk policy. This has opened up new doors and altered the course of research and data analytics.”
Doha
Al Khalij Commercial Bank (al khaliji) has been ranked as the best bank in Qatar in a global ranking of 1,000 of the world’s quoted banks in the inaugural issue of The Statement, a new banking magazine launched by the London-based Lafferty Group.
Al Khalij Commercial Bank is also ranked as one of the top 100 banks in the world.
The banks in Qatar are on average in line with the UK and rated higher than the banks in Egypt, the United Arab Emirates and the US, but lagging behind Saudi Arabia.
The research is generated from the Lafferty 1000 global banking database, which scores the one thousand banks for quality across 21 metrics and rates them from 1-star for the weakest to 5-stars for
the best.
The Statement is a new Lafferty Group digital banking magazine. It is being established at the height of the economic, financial and human crises caused by the global coronavirus pandemic in order to help progressive banks and bankers find a new way ahead for the industry.
The magazine takes as its starting point the current state of 1000 of the world’s largest quoted banks and rates each of them for their quality and sustainability using 21 metrics from financial performance to how they treat a range of stakeholders including staff, customers, the unbanked, regulators, the environment and not least shareholders.
Lafferty Group Chief Executive Michael Lafferty said, “Banks from emerging markets are now setting the pace in world banking. They are more focused and unfettered by the mistakes that have done so much damage to Western banks. These mistakes include a misguided love affair with universal banking and the destructive ideology of shareholder value.”
Lafferty 1000 Database and Research Manager Alexander Erickson said, “Emerging market banks are becoming key and prominent players in banking, particularly in areas such as financial inclusion, diversity and climate risk policy. This has opened up new doors and altered the course of research and data analytics.”
