Net income of banks GCC Q3 2021-Q3 2023
As of quarter three of 2023, net income of banks in the Gulf Cooperation Council reached 13.8 billion U.S. dollars. The fourth quarter of 2021 and 2022 saw a decline of 700 and 100 million USD over the previous quarter, respectively. The biggest increase in net income was seen in the first quarter of 2023 when it jumped by 1.9 billion USD over the previous quarter.