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FINANCIAL NEWS
Gulf banks’ gross earnings soar 8.8 percent in Q2
20 Sep 2015
(MENAFN) Gross income of GCC banks surged 8.8 percent year on year to USD5.8 billion on the back of greater loan book and a fall in provisions in the April-June period, based on reports.
Banks in Kuwait secured the first place with its net profits soaring 15.1 percent, followed by UAE’s banks with a 13.1 percent growth, with Qatar an Saudi banks falling into last places.
In more detail, total loans distributed by GCC banks under Global coverage grew by 10 percent to USD768.7 billion in the three months to June with Qatar leading the pack scoring 13.9 percent.
As interest earnings are concerned, it rose 5.9 percent and 1.8 per cent quarter to quarter, having the Kuwaiti banks taking the lead again with a 12.1 percent, and banks in UAE coming second with 6 percent.
More News
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Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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