As per the Central Bank of the UAE statistics, the UAE's banking sector topped the GCC region in terms of asset volume with a total value of about $711 billion (Dh2.61 trillion) in 2016, with the Saudi Arabia coming in second at a total asset value of $602 billion. The Qatar ranked third with $349 billion followed by Kuwait, Bahrain and Oman with $198 billion, $193 billion and $70 billion respectively.
The anticipated merger between National Bank of Abu Dhabi and First Gulf Bank would rank them second biggest bank with around $183 billion of assets. Emirates NBD was rated third with assets valued at $122 billion. This ranking was followed by National Commercial Bank of Saudi Arabia with $117 billion, National Bank of Kuwait with $79 billion, Ahli United Bank with $34 billion and Muscat Bank with $28 billion.
In terms of capital stock, the merger between the NBAD and FGB leads the position with $26.6 billion. It is followed by QNB and Emirates NBD with $16.5 billion and $14.7 billion respectively. National Commercial Bank of Saudi Arabia has capital stock valued $14.1 billion, while National Bank of Kuwait has $9.5 billion.
With respect to asset volume UAE banking sector reflects the sector's strength giving it a worldwide status and reputation and can be defined not just with volume but also with its quality reflecting in its increased financial solvency that exceeds the demands of international monetary institutions.
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