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Net earnings of GCC covered by Gulf Investment House increased 3.7 per cent year-on-year to $5.6bn in the third quarter of 2015.
Net profit of banks in the Kuwait increased the most (12.2 per cent year-on-year), followed by UAE (3.1 per cent year-on-year), KSA (2.7 per cent year-on-year) and Qatar (1.8 per cent year-on-year).
The collective loans disbursed by GCC banks covered by Gulf Investment House increased by 8.7 per cent year-on-year to $778.5bn in the third quarter.
However, margins remained under pressure on year-on-year basis due to a 20 basis points decline in the yield on assets, leading to 14 basis point shrinkage in non-interest margins. The net interest income of GCC banks increased 4.5 per cent year-on-year.
Non-interest income of GCC banks fell 5.9 per cent year-on-year during the quarter due to decline in fee income.
Total assets of GCC banks covered by Gulf Investment House expanded 7.9 per cent year-on-year to $1.2trn in the third quarter.