UAE banks top GCC peers with $720bln in assets | ZAWYA MENA Edition

UAE banks top GCC peers with $720bln in assets | ZAWYA MENA Edition:

"The asset value of 48 banks operating in the UAE amounted to around Dh2.3 trillion (US$720 billion) by the end of September, according to UAE Central Bank statistics. This proves that the UAE banking system's solvency profile is not only the best among the GCC States only but also across the entire region, reported Emirates news agency Wam, citing estimates by leading international financial organisations. The Saudi Banking system came second with an asset value of $609 billion by the end of Q3 - $2 billion less than its June equivalent of $611 billion. The net asset value hit $209 billion in Kuwait, and $189 billion in Bahrain."



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