| 2022 Million USD | Number of Banks | Sum of Tier 1 Capital | Sum of Assets | Tier 1 Capital/Assets* |
| UAE | 18 | 101,199 | 983,659 | 10.3 |
| Egypt | 11 | 14,822 | 118,322 | 12.5 |
| KSA | 10 | 127,754 | 901,752 | 14.2 |
| Bahrain | 10 | 18,004 | 162,801 | 11.0 |
| Qatar | 9 | 58,002 | 556,050 | 10.4 |
| Jordan | 9 | 12,171 | 121,841 | 13.5 |
| Kuwait | 8 | 35,800 | 343,064 | 10.4 |
| Oman | 8 | 14,146 | 93,638 | 15.1 |
| Morocco | 8 | 15,833 | 194,165 | 8.1 |
| Tunisia | 6 | 2,863 | 29,223 | 9.8 |
| Lebanon | 2 | 5,609 | 52,722 | 10.6 |
| Palestine | 1 | 483 | 6,478 | 7.4 |
| Total | 100 | 406,686 | 3,563,724 | 11.4 |
Source: Union of Arab Banks, September 2023
* In percentage terms (%)
The latest data on Arab banks for end 2022 revealed that total Tier 1 capital reached close to $407 billion, whereas total assets reached about $3.6 trillion; and the distribution for the Arab countries is as shown above. Accordingly, the UAE had the strongest showing with 18 banks, followed by Egypt with 11 banks, then KSA and Bahrain with 10 banks, Qatar and Jordan with 9 banks, Kuwait and Oman and Morocco with 8 banks, Tunis with 6 banks, Lebanon with 2 banks, and Palestine with 1 bank.
The GCC banks had the largest Tier 1 capital. Among the GCC, KSA banks came on top in terms of total Tier 1 capital at close to $128 billion, followed by the UAE at $101 billion, Qatar at $58 billion, Kuwait at $36 billion, and Bahrain at $18 billion. However, average Tier 1 capital (not shown) per bank varied quite considerably among the whole group, with the average standing at $12.8 billion for KSA banks and less than $500 million for Tunisia and Palestine banks.
In terms of assets, UAE banks came first at close to $984 billion, then KSA banks at $902 billion, Qatar at $556 billion, and Kuwait at $343 billion. However, average assets per bank (also not shown) varied a lot, with the average standing at $90 billion for KSA and $4.9 billion for Tunis.
The ranking for the ratio of Tier 1 capital to assets differed somewhat, however. Here, Oman ranked first at 15.1%, followed by KSA at 14.2%, Jordan at 13.5%, Egypt at 12.5%, and Bahrain at 11.0%; and the total for the 100 banks reached 11.4%.
As to which individual banks scored highest in terms of Tier 1 capital, Saudi National Bank came first at $33.9 billion, then Qatar National Bank at $27.8 billion, Rajihi Bank at $26.9 billion, Emirates NBD at $23.3 billion, and First Abu Dhabi Bank at $22.5 billion. As to non-GCC banks, Arab Bank came first but ranked 16th overall at $9.6 billion.
Lastly, note that for Lebanese banks both Tier 1 capital and assets were valued at an exchange rate of 1507.5 LBP per USD as it was the official exchange rate at end 2022, and it was changed to 15,000 LBP only in February 2023.