ARAB BANKS STAY SOLID IN TOUGH CONDITIONS

摘要

Although not unaffected by the global financial crisis, the Arab banking sector has continued to expand, with the UAE banks accounting for a growing proportion of asset growth.rnThe Top 100 Arab banks were relatively isolated from the excesses of the global financial crisis, but 2008 results were not unaffected by the downturn that began with the Lehman collapse more than a year ago. While only a handful of banks, led by Bahrain's Arab Banking Corporation and Gulf International Bank, actually suffered losses in 2008 as a result of their international exposures, 21 banks across the region saw profits decline compared to 15 the previous year.