NO. 50


Financial and Banking News

Finance Brief

GCC Commercial Banking: Structure and Size

Total assets of banks in the GCC states stood at $170.409bn at the end of1993, having recorded annual average growth of 5.5% during the previous 10years. Saudi Arabia remains by far the biggest market and Kuwait has beenovertaken by the UAE as the second biggest. Despite this growth, the role of GCCstates as exporters of capital to industrialized countries has beendiminishing,...