Financial Results
Retail Banking
Uncategorized
GCC Banks’ revenue growth rate dived to low single-digit and profits shrunk in 2016
The impact of the decline in oil prices has hit the banking industry. Due to a severe increase in provisions by 20.8 per cent, a cost growth of 6.3 per cent higher than revenue growth and a drop in extra ordinary income, profits declined by 3.2 per cent for the…
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