Abu Dhabi Bank ranked first in the MENA region in terms of lending volume, while Abu Dhabi Commercial Bank ranked sixth, and Dubai Islamic ranked seventh, according to Bloomberg's list of the largest lenders in the region.
According to Al-Bayan, the three banks were among the 10 largest lenders in the region during the first quarter of this year. Bloomberg News said that the volume of loans in the region amounted to $ 24.8 billion in the first quarter of this year, down 32.9% compared to the same period last year.
But the volume of loans granted by UAE banks rose 61.2% in the same period to $ 14.6 billion, while the volume of loans granted by Saudi banks declined 75.5% to $ 5.75 billion .
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