"Gulf statistics": 3.5 trillion US dollars

2025/09/22 12:58:01 PM

1 minute read

Muscat on September 22 / WAM / The total assets of commercial banks operating in the countries of the Cooperation Council for the Arab States of the Gulf increased by the end of the year 2024 AD, by 10% to record about 3.5 trillion US dollars, compared to the size of the assets by the end of the year 2023 AD, according to the latest statistics issued by the Gulf Statistical Center.
Statistics indicate that the total deposits of commercial banks operating in the countries of the Cooperation Council reached about 2024 AD about 2.1 trillion US dollars; That is, an increase of 9.6% compared to its size by the end of the year 2023 AD, while the total balance of loans submitted from it for the same period reached about 2.1 trillion US dollars, an increase of 9.9% compared to the year 2023 AD.
The percentage of loans granted to the private sector of the total loans at the level of the Cooperation Council bloc reached about 80.7%, and the rates of troubled loans decreased during the period from 2020-2024 AD; And if it varies from one country to another.

The percentage of loans to deposits between the GCC states also varied, ranging between 125% and 66%, while the rates of capital adequacy in the council countries continued to increase the minimum regulatory level of the “Basel 3” committee by a large difference; It ranged in the year 2024 AD between 32%and 17.8%, knowing that the requirements of the “Basel 3” committee requires that the minimum regulatory level of the percentage of capital adequacy that banks must maintain is 8%.

The net profits of commercial banks operating in the countries of the Council also witnessed a remarkable growth, exceeding the levels of the “Kovid-19”.