Al-Badawi: Gulf banking remains stable

The Secretary-General of the Gulf Cooperation Council (GCC) affirmed that the banking sector in the GCC countries has maintained its strength and stability despite current conditions, supported by advanced regulatory and supervisory frameworks, good levels of liquidity, and capital adequacy. He explained that the total deposits of commercial banks reached approximately $2.45 trillion by the end of June 2026, an increase of 6% compared to the end of 2025, while bank assets exceeded $4 trillion, marking a 3.9% growth. Additionally, the Gulf countries have maintained inflation stability at a rate of 2.1% in May 2026, despite economic challenges, reflecting the strength and resilience of the Gulf economies and their capacity to withstand external shocks.

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