image description
image description
Tell A Friend

FinancialNews


  • 06-06-17

    GCC banks hit 6.5pct increase despite tough liquidity challenges

    (MENAFN) GCC banks achieved a 6.5 percent increase in assets last year, driven by increased lending to government and related entities.

    However, the credit liquidity of many banks also declined, with overall impairment charges growing by almost 25 percent from 2015.

    Accordingly, banks in the region have been resilient despite margin pressures, increased impairment fees and higher funding costs.

    Last year, outstanding credit from banks on Oman reached USD57.2bn, reflecting an increase of more than 10 percent over a year ago.

    MENAFN0606201700450000ID1095537665

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved