The profits of the 15 largest banks in the GCC countries during the second quarter of 2023 increased by more than $ 2.487 billion, a growth of 30.4 percent from $ 8.187 billion in the second quarter of 2022 to $ 10.647 billion in the second quarter of 2023. Banks also added $225.80 billion to their assets, which rose from $2 trillion in the second quarter of 2022 to $2.225 trillion in the second quarter of 2023, a growth of 11.3 percent.
In terms of customer deposits, banks added $146 billion, rising from $1.333 trillion in the second quarter of 2022 to $1.479 trillion in the second quarter of 2023, a growth of 11 percent. As for total loans, they increased by 9.6 percent to $1.310 trillion in the second quarter of 2023, compared to $1.195 trillion in the same period last year.
Source (Al Khaleej Emirati Newspaper, Edited)
