gulfnews : Arab bank assets by end of June stood at $2.65tr

Abu Dhabi Volume of assets at Arab banks expanded to 2.65 trillion (Dh9.74 trillion) end of June 2012 with a growth rate of 2.5 per cent compared to 2011, a report by Union of Arab Banks (UAB) showed.
“In spite of various internal and external issues facing the Arab countries, the banking sector has achieved positive results and has not been affected by the turmoil in the region by recording continuous growth,” UAB said.
“We expect that the volume of assets of Arab banking sector would reach by end of June of 2012 $2.65 trillion, with a growth of 2.5 per cent compared to the same period of 2011,” UAB said.

* username: rupertbu