GCC members record 3.3% rise in bank deposits
RIYADH: Member states of the Gulf Cooperation Council witnessed an improvement in their banking sector, as the total bank deposits increased by 3.3 per cent in the first half of 2021, compared to the end of 2020, Arab News reported.
The GCC countries’ total bank deposits reached $1.6 trillion, according to a report released by the GCC Statistical Centre.
Saudi Arabia reported the largest share of the total bank deposits, representing around 33.6 per cent, at $541 billion, up 4.5 per cent from December 2020.
