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GCC banks 2009 loan portfolios rise 2.1 pct

Posted on 04 February 2010

From Maktoob.com: Loans and advances extended by the banking sector in the Gulf Cooperation Council states slowed last year, growing by only 2.1% to $622 billion from $609 billion at the end of 2008, Kipco Asset Management Co or Kamco, said Wednesday.

This compares to a 32% loan growth rate for the 2004 to 2008 period, according to the report by Kamco, a unit of Kuwait Projects Co…………………………………….Full Article: Source

 
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