"UAE. According to a recent study published by The Boston Consulting Group (BCG), GCC banks’ corporate banking divisions are at peak levels in terms of revenues and net profits and have even crossed the pre-crisis levels seen in 2008.
This impressive performance is even more apparent when compared to the same banks’ retail banking divisions, where revenues and net profits have barely touched 2008 levels.
In its Corporate Banking Benchmarking Report, BCG highlights a ‘multi-speed world’ for the corporate banking divisions of banks across the globe and highlights positive growth for GCC markets in this context."
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