Big numbers, big night for the industry
The 100 leading banks in the Middle East collectively had assets totalling $1.47 trillion at end-2011 and made profits last year of $24.6 billion. These summary numbers are derived from the latest edition of the CPI Financial 100 analysis, to be published shortly. This is the third time we have carried out this exercise and we have extended our coverage of ‘local’ banks (i.e. those both licensed and domiciled in region) from the GCC six plus Jordan and Lebanon to include Palestine.