The GCC banking sector continued to make progress in 2013 with double-digit profit growth maintained. Although some challenges remain, GCC banks are in relatively good condition with positive capitalisation, adequate profitability and comfortable liquidity.

Going ahead, a further steady increase in both assets and net profits is expected, with banking activities in the region boosted by further economic growth, rising personal incomes, and continued infrastructure investment. Large infrastructure investments that are planned from Abu Dhabi to Saudi and Qatar will help maintain growth in the region. Foreign direct investment will rise and non-oil activity is also expected to increase.

BANKASSETSNET PROFIT($000)RANKCOUNTRY
Qatar National Bank121,836,8432,620,1261Qatar
National Commercial Bank100,608,0892,130,3942KSA
Emirates NBD93,128,580886,5683UAE
National Bank of Abu Dhabi88,500,3151,288,6264UAE
Al Rajhi Banking Corporation74,632,1831,983,4635KSA
National Bank of Kuwait66,000,755892,5016Kuwait
Kuwait Finance House57,129,240411,2607Kuwait
Riyad Bank54,732,3941,052,5618KSA
Samba Financial Group54,676,4341,202,6819KSA
First Gulf Bank53,098,9301,307,37010UAE
Abu Dhabi Commercial Bank49,861,839985,47311UAE
Saudi British Bank47,280,5871,006,34912KSA
Banque Saudi Fransi45,348,446641,48713KSA
Arab National Bank36,782,780672,66514KSA
Ahli United Bank32,651,893624,24315Bahrain
Commercial Bank of Qatar31,074,688441,03816Qatar
Dubai Islamic Bank30,843,571467,74517UAE
Abu Dhabi Islamic Bank28,086,166394,84018UAE
Arab Banking Corporation26,545,000297,00019Bahrain
Burgan Bank25,387,918113,77920Kuwait
Mashreq Bank24,409,179512,35021UAE
Union National Bank23,835,029475,79322UAE
Bank Muscat22,042,705395,30223Oman
Saudi Investment Bank21,465,443343,15624KSA
Saudi Hollandi Bank21,458,203400,42825KSA
Qatar Islamic Bank21,251,166364,17726Qatar
Gulf International Bank21,156,900121,50027Bahrain
Al Baraka Bank Group20,967,559257,77928Bahrain
Doha Bank18,398,303360,61929Qatar
Al Rayan18,282,318477,76530Qatar
Gulf Bank17,971,791114,11731Kuwait
Alinma Bank16,800,329267,93532KSA
Bank Al Jazira15,993,709173,50333KSA
Commercial Bank of Kuwait13,838,76083,38734Kuwait
Commercial Bank of Dubai12,108,955275,04435UAE
Al Khaliji Commercial Bank11,334,830151,35036Qatar
Al Ahli Bank Kuwait11,319,396125,61337Kuwait
Bank Albilad9,686,215194,44538KSA
Qatar International Islamic Bank9,450,549206,04439Qatar
Bank of Bahrain and Kuwait8,592,274120,39240Bahrain
RAKBANK8,202,224389,55041UAE
Barwa Bank7,871,984122,92442Qatar
Boubyan Bank7,778,04345,13643Kuwait
National Bank of Oman7,522,964107,47344Oman
Ithmaar Bank7,422,896-79,53845Bahrain
National Bank of Bahrain7,311,760136,60046Bahrain
Bank of Sharjah6,799,07496,10747UAE
Bank Dhofar6,767,211151,70648Oman
Sharjah Islamic Bank5,916,66283,60149UAE
United Arab Bank5,867,072150,41650UAE