The GCC banking sector had a good year in 2014 with higher profit growth and returns.

The outlook for the GCC banking sector in 2015 is certainly more challenging but stable. Due to the sharply lower oil price, growth in assets and net profit for banks is unlikely to match that of last year.

But although lower oil revenues will impact growth, non-oil economic growth is expected to be solid, including that in Abu Dhabi and Dubai. Qatar’s GDP growth will remain strong this year and next as the government increases spending on big infrastructure projects. Reserves built up in Saudi will also help maintain spending. Kuwait is forecast to grow at less than two per cent in 2015 but the banking sector is in better condition to cope. Oman and Bahrain, the two smallest GCC states are expected to see reasonable economic growth, although Bahrain is more exposed to lower oil prices.

Qatar National Bank133,614,4712,889,4611Qatar
National Commercial Bank115,967,4892,344,8512KSA
National Bank of Abu Dhabi102,395,5111,518,8863UAE
Emirates NBD98,835,0101,399,1374UAE
Al Rajhi Banking Corporation82,056,4151,822,9795KSA
National Bank of Kuwait74,323,098933,6536Kuwait
Kuwait Finance House58,621,244546,1447Kuwait
Samba Financial Group57,973,0211,334,6878KSA
First Gulf Bank57,764,3621,553,2369UAE
Riyad Bank57,223,8111,160,64210KSA
Abu Dhabi Commercial Bank55,545,7291,143,85611UAE
Banque Saudi Fransi50,340,507937,69112KSA
Saudi British Bank50,029,1381,137,61613KSA
Arab National Bank43,911,561767,24114KSA
Dubai Islamic Bank33,729,202763,33415UAE
Ahli United Bank33,444,888531,25416Bahrain
Commercial Bank of Qatar31,772,623533,02617Qatar
Abu Dhabi Islamic Bank30,466,595476,63818UAE
Arab Banking Corporation29,356,000318,00019Bahrain
Mashreq Bank28,815,758676,90420UAE
Burgan Bank26,446,308248,05521Kuwait
Qatar Islamic Bank26,402,875458,39322Qatar
Saudi Hollandi Bank25,765,125485,57623KSA
Union National Bank25,446,023550,10224UAE
Bank Muscat25,268,333423,96625Oman
Saudi Investment Bank24,967,051383,06126KSA
Al Baraka Bank Group23,463,589274,76727Bahrain
Al Rayan22,003,920554,17328Qatar
Alinma Bank21,563,162337,18229KSA
Gulf International Bank21,300,20085,60030Bahrain
Doha Bank20,746,583373,25831Qatar
Gulf Bank18,187,890120,98232Kuwait
Bank Al Jazira17,747,714152,65833KSA
Commercial Bank of Kuwait14,373,105167,59434Kuwait
Al Khaliji Commercial Bank14,077,493154,64535Qatar
Commercial Bank of Dubai12,773,551327,32336UAE
Bank Al Bilad12,061,310230,40837KSA
Al Ali Bank Kuwait11,937,888128,28438Kuwait
Qatar International Islamic Bank10,548,751226,87339Qatar
Barwa Bank10,059,032176,19140Qatar
Bank of Bahrain and Kuwait9,311,092133,79442Bahrain
Boubyan Bank9,034,20897,25343Kuwait
Bank Dhofar8,296,425105,07344Oman
Ithmaar Bank7,860,904-8,84745Bahrain
National Bank of Oman7,730,107130,56646Oman
National Bank of Bahrain7,283,130142,12047Bahrain
United Arab Bank6,999,533164,82748UAE
Bank of Sharjah6,821,23177,84349UAE
Sharjah Islamic Bank6,650,07280,30450UAE