Total assets of commercial banks operating in the Gulf countries grew by 10% year-on-year to reach about $3.5 trillion.
According to data from the Gulf Statistical Center, total deposits with Gulf commercial banks amounted to about $2.1 trillion, up 9.6% compared to end-2023.
Total loans provided amounted to about $2.1 trillion last year, up 9.9% year-on-year. Loans to the private sector accounted for 80.7% of total loans across the six Gulf countries, while non-performing loan ratios declined between 2020 and 2024, varying by country.
