28.09.2010 - International Bank of Qatar: Impact of global crisis on GCC banking sector limited
From Globalarabnetwork.com: The impact of the global financial crisis on the GCC banking sector, as was reported, has been limited. The profits of the top 25 banks in the GCC have reached their peak in the second half of 2008 followed by a dip in 2009 and the total banking assets of those banks reached a total of USD 860.1 Billion in 2010 up from a total of USD 534.9 Billion in 2008. "Recently, growth has restarted and profits have recovered to those nearing pre-crisis levels," George Nasra, Managing Director of International Bank of Qatar said. IBQ is participating in the MEED Middle East Retail Banking 2010 Conference which is currently being held in Abu Dhabi on 27 and 28 September..............................................Full Article: Source
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