Arab bank assets hit $2.26trillion

Adnan Yousef, Chairman of the Union of Arab Banks has said that the total assets of banks in the Arab world grew 3.57% to $2.26 trillion in 2009 despite the global financial crisis, Khaleej Times has reported. Addressing the Emirates Bankers' Forum, Yousef said that the total assets of the top 100 Arab banks in terms of assets exceeded $1.5 trillion, deposits reached $1 trillion, total loans amounted $831bn, shareholders equities reached $164bn and net profits reached $24bn.