Reinhold Leichtfuss | Al Bawaba

Reinhold Leichtfuss latest

The report covers the largest banks in Bahrain, Kuwait, Qatar, Oman, Saudi Arabia, and the UAE. (File photo)

March 29th, 2017 - 11:13 GMT

GCC banks see decline in profits for first time since 2008: Report

According to a new report, al countries in the GCC had to deal with a negative development in profits in 2016.

While revenues of banks in Qatar grew by 20 percent and banks in the UAE are back to double-digit growth overall, Saudi, Omani and Bahraini banks are experiencing single digit growth rates.

April 9th, 2014 - 02:55 GMT

Trust the borrowers: GCC banks post double-digit growth, and losses

According to the report, GCC banks saw another year of “good” growth in 2012, with 6.9 per cent rise in operating income and 8 per cent in profit

March 28th, 2013 - 08:28 GMT

More work to do for GCC banks

April 13th, 2009 - 09:47 GMT

Middle Eastern banks still performing well in international comparison