Al Rajhi Bank retained the top spot in the rankings of the largest and the strongest Islamic banks in the world. Malaysia had the most Islamic banks on the list, while Saudi Arabia held the largest share of total assets

Asia Pacific banking sector delivered better-than-expected profitability and reduced NPLs in FY2021.The strongest banks in China, Hong Kong, Japan, Macau, Malaysia and Singapore ranked among the top 10 strongest banks in the region

Asia Pacific banks saw asset growth slow down to 7.9% in FY2021 from 10.7% in FY2020, while 85% of banks posted higher net profit, reflecting economic recovery from the COVID-19 pandemic

Saudi National Bank, the third largest bank in the Middle East and Africa, achieved solid profitability. National Bank of Egypt overtook Standard Bank Group as the largest bank in Africa and it fared well in asset quality, capitalisation and liquidity