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وكالة الأنباء القطرية
Gulf Banking Sector Remains Stable
The Secretary-General of the Gulf Cooperation Council, Jasim Mohammad Budaiwi, confirmed that the Gulf banking sector has maintained its strength and stability despite current conditions, supported by modern supervisory and regulatory systems, good levels of liquidity, and capital adequacy. He explained that the total deposits of commercial banks in member countries increased by 6%, reaching approximately $2.45 trillion by the end of June. Additionally, the banks' assets surpassed $4 trillion, reflecting a growth of 3.9%. The Gulf countries also maintained inflation stability at 2.1% in May, demonstrating the robustness of their economies and financial integration, despite global challenges and volatile geopolitical situations.
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