The total value of loans provided by listed banks in the GCC reached a new record high of $ 1.95 trillion by the end of the third quarter of 2023, while quarter-on-quarter growth reached 1.5 percent or the equivalent of $ 28.9 billion.
On the liquidity front, customer deposits rose at a similar pace, 1.5 percent quarter-on-quarter to $2.34 trillion following lower customer deposits in Qatar, Bahrain, and Oman, offset by higher deposits in the rest of the markets.
The total net income of Gulf banks rose for the third consecutive quarter to reach $ 13.8 billion in the third quarter of 2023, recording a growth of 1.3 percent quarter-on-quarter.
Source (Al-Rai Kuwaiti Newspaper, Edited)
