Financial Results
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GCC banking sector net profits show increase; hit $9.4bn in Q3
GCC banking sector net profits showed a q-o-q increase almost equivalent to the decline in loan loss provision (LLP) during Q3-2021, according to asset management company Kamco Invest. Total banking sector net profits reached $9.4 billion in Q3-2021 as compared to $8.3 billion during Q2-2021. Profits continued to remain below…
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