GCC loan-to-deposit ratio below 80% for first time in 7 quarters

Follow-ups -eshrag News:

Sat, 2022-08-27 23:31

CAIRO: The Gulf region’s loan-to-deposit ratio fell by 160 basis points in the second quarter of 2022, due to higher customer deposits and slightly slower lending activity, according to a report released by KAMCO invest.

Customer deposits in the Gulf region recorded a year high of 4 percent month-on-month in the second quarter to reach $2.2 trillion.

The Gulf region’s aggregate gross loans remained potent throughout the quarter, having risen by 2 percent quarter-on-quarter, leading to stronger loan books by the end of the second quarter of 2022.

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Business & Economy

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