3. Abu Dhabi Commercial Bank

Assets in 2017 ($000): 72,149,005
Assets in 2016 ($000): 70,321,061
Growth (2016-2017): 2.60
2017 net profit ($000): 1,164,609
Return on assets (ROA) in 2017: 1.66

4. Dubai Islamic Bank

Assets in 2017 ($000): 56,448,954
Assets in 2016 ($000): 47,636,947
Growth (2016-2017): 18.50
2017 net profit ($000): 1,226,131
Return on assets (ROA) in 2017: 2.57

5. Mashreq

Assets in 2017 ($000): 34,083,375
Assets in 2016 ($000): 33,436,846
Growth (2016-2017): 1.93
2017 net profit ($000): 568,889
Return on assets (ROA) in 2017: 1.70

6. Abu Dhabi Islamic Bank

Assets in 2017 ($000): 33,563,191
Assets in 2016 ($000): 33,294,235
Growth (2016-2017): 0.81
2017 net profit ($000): 626,225
Return on assets (ROA) in 2017: 1.88

7. Union National Bank

Assets in 2017 ($000): 29,272,558
Assets in 2016 ($000): 28,291,749
Growth (2016-2017): 3.47
2017 net profit ($000): 451,186
Return on assets (ROA) in 2017: 1.59

8. Commercial Bank of Dubai

Assets in 2017 ($000): 19,170,721
Assets in 2016 ($000): 17,446,168
Growth (2016-2017): 9.88
2017 net profit ($000): 272,779
Return on assets (ROA) in 2017: 1.56

9. RAK Bank

Assets in 2017 ($000): 13,214,582
Assets in 2016 ($000): 11,573,708
Growth (2016-2017): 14.18
2017 net profit ($000): 220,665
Return on assets (ROA) in 2017: 1.91

10. Noor Bank

Assets in 2017 ($000): 11,616,809
Assets in 2016 ($000): 11,051,215
Growth (2016-2017): 5.12
2017 net profit ($000): 100,977
Return on assets (ROA) in 2017: 0.91

Looking ahead

In 2018, GCC banks are expected to record only modest growth in both assets and net profit, reflecting continuing challenging trading conditions. Economic growth in the region will be slightly higher, allowing for modest loan growth.

Maintained government infrastructure investment in the GCC and increased government spending in some GCC states will help to boost loan growth, albeit only modestly, and returns for the GCC banking sector are expected to be marginally higher over the course of the year.

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