Commercial Bank Assets in GCC reach $3.53 trillion amid strong growth in deposits and loans: GCC-Stat
By the end of 2024, banks across the GCC grew their total assets by 10%, hitting $3.5 trillion. Deposits and loans both climbed to around $2.1 trillion, with most loans going to the private sector. Capital ratios stayed strong, well above global standards, and bank profits bounced back past pre-pandemic levels — showing the Gulf’s banking scene is in great shape.
By the end of 2024, banks across the GCC grew their total assets by 10%, hitting $3.5 trillion. Deposits and loans both climbed to around $2.1 trillion, with most loans going to the private sector. Capital ratios stayed strong, well above global standards, and bank profits bounced back past pre-pandemic levels — showing the Gulf’s banking scene is in great shape.
