Top GCC Banks By Profits
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Top GCC Banks By Profits

Top GCC Banks By Profits

Higher GCC banking profitability was driven by improvement in margins, faster asset expansion and expanding fee income in 2011.

Gulf Business

Net profit for the top 50 GCC banks increased for the second consecutive year in 2011. The region’s largest banks achieved a good increase of 15.9 per cent last year following an improvement of 15.1 per cent in 2010.

Significant improvement in terms of net profit was seen at a number of banks, and across a number of countries, including Qatar National Bank, Abu Dhabi Commercial Bank, National Commercial Bank, Saudi  British Bank, Dubai Islamic Bank, Burgan Bank, Saudi Investment Bank, Gulf Bank, United Arab Bank and National Bank of Fujairah.

The financial positions of nearly all GCC 50 banks strengthened in 2011 with maintained good capital adequacy, helped by higher profits, and slightly higher liquidity.


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