The assets of Gulf banks and banks listed on the financial markets by the end of the first half of 2019 increased by about 9.13 percent compared to the same period of 2018, with a total value of about $183.5 billion.
Kuwaiti banks ranked fourth among the other Gulf banks with regard to the total assets, which rose 6.2 percent from $285.02 billion to $302.73 billion in the first half, or $17.7 billion. NBK and KFH are the largest Kuwaiti banks in terms of assets. NBK's assets rose by $3 billion to reach $91.36 billion, while KFH's assets increased by $3.7 billion.
Total assets of Gulf banks amounted to about $2.19 trillion at the end of the first six months of this year, compared to $2.02 trillion for the similar period last year.
The UAE banks accounted for the largest share of the total assets of Gulf banks by more than 32.5 percent, followed by Saudi banks with 28.35 percent of the total assets in the Gulf.
The Qatari banks accounted for 19.2 percent of the total value of assets, while the Kuwaiti banks ranked fourth, representing 13.8 percent of the total value, then the Omani banks by 3.5 percent, and finally the Bahraini Banks by 2.6 percent of the total assets of Gulf banks.
Source (Al-Rai Al-Kuwaity Newspaper, Edited)
