Arab banks’ assets rise by 3.9 percent in 2018

Amman, The total assets held by banks in the Arab world hit $3.46 trillion in 2018, an increase of 3.9 compared to 2017, according to the Union of Arab Banks (UAB).

A report by the UAB, a copy of which was obtained by Petra, said that assets of Arab banks account for 130 percent of Arab countries’ Gross Domestic Product.

The UAE banking sector ranked first in terms of the volume of assets which stood at $784 billion at the end of 2018 followed by Saudi Arabia with $630 billion and Qatar with $390 billion.

Source: Jordan News Agency