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Asharq Al-Awsat
Asharq Al-Awsat
Business
Kuwait - Asharq Al-Awsat

GCC Bank Profits Surge to $11 Billion

Gulf Gulf Cooperation Council Economic Growth Oil
The Gulf banking sector records strong profit growth to return to pre-pandemic levels (Reuters)

The first quarter of 2022 proved to be the best quarters for banks in the Gulf Cooperation Council as they raked in $10.9 billion in aggregate profits, a Kamco Invest report showed.

This is one of the highest quarterly levels on record.

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