Qatar, UAE banks show strongest growth in Gulf | Economy | Saudi Gazette

Qatar, UAE banks show strongest growth in Gulf | Economy | Saudi Gazette:



"The banking industry in the Middle East returned to double digit revenue growth in 2013 with a 10.7 percent increase, stemming largely from international acquisitions, a new study by The Boston Consulting Group (BCG) said.



Based on the banks’ 2013 annual results released in the first quarter of 2014, the newest study is part of BCG’s annual banking performance indices measuring the development of banking revenues (operating income) and profits for leading Middle East banks.



BCG launched the first edition of the banking performance index in the Middle East in April 2009, creating a customized index specifically for the regional banking markets, with 2005 revenues and profits as starting benchmarks. The index covers the largest banks in Bahrain, Kuwait, Qatar, Oman, Saudi Arabia, and in the UAE."



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