According to statistics obtained by Arabian Business, Saudi Arabia, with three banks, tops the list of the 10 largest Arab banks in terms of assets, followed by the UAE with three banks, then Kuwait with two banks, and Qatar with one bank.
You sit down Gulf banks On the throne of the banking sector in the Middle East, it is considered one of the most prominent actors in this field, which reflects the strength and stability of the economies of the Gulf Cooperation Council countries.
In 2023, Gulf banks showed outstanding performance, outperforming many other banks in the world, according to numbers and statistics obtained by “ Arabian Business ” from the Research and Studies Department of…Union of Arab Banks Issued in May 2024.
Among the 10 largest Arab banks in terms of assets are Gulf banks, which are distributed as follows: three banks in Saudi Arabia, three in the Emirates, two banks in Kuwait, and one bank in Qatar.
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The total assets of these banks amounted to approximately $2 trillion by the end of the first quarter of 2024, accounting for 60% of the total combined assets of the Gulf banking sector.
The combined assets of the Gulf banking sector amounted to approximately $3.3 trillion at the end of 2023, constituting 73% of the total assets of the Arab banking sector. The volume of combined deposits amounted to approximately $1.94 trillion, which represents 70% of the total deposits in the Arab banking sector.
The volume of loans and debts for the Gulf banking sector reached the same number, which reflects the strength and stability of the sector.
As for capital accounts, they amounted to about $423 billion for the Gulf banking sector, representing about 81% of the total capital accounts in the Arab banking sector.
Regarding Gulf Islamic banks, the data indicate a large concentration of their assets in the six Arab Gulf countries, reaching approximately $905 billion at the end of 2023 from the assets of the fifty largest Arab Islamic banks, constituting 94% of the total.
