MENA private banking sector to reach $6.1 trillion by 2016?

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Wednesday 06, June 2012 by Robin Amlôt

MENA private banking sector to reach $6.1 trillion by 2016?

Boston Consulting Group’s latest annual review of the global wealth management industry, Global Wealth 2012: The Battle to Regain Strength, suggests the private banking sector in the Middle East and Africa may grow 6.6 per cent a year to reach $6.1 trillion in value in 2016 as the gross domestic product of oil-rich countries in the region continues to expand.

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