Tuesday, 16 July 2019 04:37 GMT
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GCC banks to record solid loan increase of 4.9pct this year




(MENAFN) GCC banks are projected to record a solid loan increase of 4.9 percent this year, despite recent business conditions.

Moreover, this is far lower than the average annual growth of 9.2 percent posted between 2012 and 2016.

Additionally, the stagnation of low oil prices is weighing on liquidity conditions through GCC nations, which is slowing down government fiscal revenues.

Meanwhile, interbank rates have grown and money supply slowed amid the region, while the situation has been a concern for Oman and Bahrain as they have the lowest fiscal and external buffers in the area.

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GCC banks to record solid loan increase of 4.9pct this year

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