Main Retail Banks in the Middle East

The Main Retail Banks in the Middle East are ranked from a survey of 3,000 bank customers based on each bank’s score as consumer’s main bank from its respective market’s survey population.

Key findings:
  • National Bank of Egypt has the highest survey penetration rate among banks in the region with 64% of the survey sample
  • Rounding up the top five Main Retail Banks in the region are Al Rajhi Bank (Saudi Arabia), Emirates NBD (UAE), Abu Dhabi Commercial Bank (UAE), and Banque Misr (Egypt)
  • United Arab Emirates and Saudi Arabia have four banks in the top 10 ranking, while Egypt has two
  • Only eight banks have a market survey penetration rate of more than 10%, while the other 13 banks had less than 10% of each market’s survey population that selected them as main bank

BankQuality is a premier consumer rating and survey site designed and powered by The Asian Banker, enabling customers and users to rate and comment on their banking experiences. The platform aims to help bridge the gaps between consumers and their main banks, benchmark banks’ customer service quality and performance across region and markets, and motivate banks to provide better services to meet customer needs. www.bankquality.com

Methodology

  • The online survey was conducted in August 2020
  • The survey covered a total sample size of 3,000, comprising of 1,000 respondents per market in Egypt, Saudi Arabia and UAE
  • The respondents are between the ages of 18 and 65 years, and have at least one bank account each

The BankQuality Scores (BQS) is derived from the standardised z-score of theNet Promoter Score (NPS) of “Main Bank” institutions, with mean set to 100, so that comparison can be made across markets. The final ranking excludes banks that achieved less than 30 'Main Bank' responses.

Figure 1. The top 10 Main Retail Banks in the Middle East according to consumers in 2020


Rank (2020)

Country

Name

BQS(2020)
1
64%
2
45%
3
17%
4
17%
5
14%
6
11%
7
10%
8
10%
9
8%
10
7%

National Bank of Egypt emerges as Main Retail Banks in the Middle East in first BankQuality survey