Capital of all GCC banks hit $360.8 billion
The combined capital of all GCC banks in 2003/2004 was $360.8 billion while all the major Islamic financial establishments in GCC had a total capital of $54.4 billion, indicated a report prepared by the Kuwait Institute for Banking Studies (KIBS).
In its 17th report on the top 50 banks in GCC countries, KIBS said Omani banks stood last with a total capital of $11.5 billion. While the Islamic financial establishments in Saudi Arabia boasted a total capital of $20.8 billion.
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