The Arab Monetary Fund revealed a significant growth in the assets of the banking sector "assets" in the Arab countries, during the past years, reaching $ 4.574 trillion, at the end of last year, compared to $ 4.355 trillion in 2022, a growth of 5 percent.
The IMF's Financial Stability Report for Arab Countries showed that in terms of the relative distribution of the assets of the Arab banking sector, banks in the UAE still account for the largest share by about 24.3 percent of the total assets of the banking sector in the Arab countries, followed by Saudi banks with a market share of 23.1 percent. The share of the banking sector in the GCC is estimated at 73.1 percent of the total by the end of 2023. The Fund indicated that the growth of the assets of the Arab banking sector reflects the confidence of Customers and the market in the banking sector, where the sector has been able to achieve this growth despite the current regional and global developments.
