The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Gulf banks thrive despite downturn

A consolidation wave has broken over the Arab banks. In Bahrain, Gulf International Bank and Saudi International have created a new giant. In Saudi Arabia, Saudi American Bank and United Saudi Bank merged. Years of low oil prices and weak economies are the spur, though banks are still making profits. Commentary by Andrew Beikos and Elena Antoniou

Prince Al-Waleed:
investor in Saudi banks

controls largest Lebanese

newly-crowned king

Reflecting the oil wealth of the Gulf Co-operation Council (GCC) countries, the GCC banks, as in previous years, continue to dominate the top 100 Arab banks.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree