Monday 11, June 2012 by Robin Amlôt
GCC banking sector sees slow, cautious return to profits
Kuwait Financial Center’s (Markaz) latest report on the GCC banking sector notes that after two consecutive years of disappointing figures, the sector resumed its trajectory of expanding profits in 2010/2011. The catalyst for this growth is declining provisions after the spikes witnessed in 2008/2009 as a result of the global financial crisis.
