The volume of the banking sector in the Arab countries is USD 4.574 million. Such growth (by 5%) by the end of the year is predicted by the Arab Monetary Fund.
At the same time, the largest share of assets in the banking sector belongs to UAE banks – 24.3%. UAE and Saudi Arabian banks took first and second place, respectively, in terms of asset growth in the Arab banking sector at the end of last year compared to 2022.
The report indicates that the growth rate of UAE banking sector assets reached 11% as a result of growth in total loans and investments, while the growth of Saudi Arabian banking sector assets reached 9.3%, which was due to an 11.5% increase in real estate loans and an increase in loans in other sectors of the economy.