CS Event’s 2nd Banking Revolution Summit takes off with a focus on disruptive technology as assets of 520 banks in the Arab World exceed $4.25 trillion in 2021

Total assets of global financial institutions exceeded US$468.7 trillion in 2020 – 5.5 times the global gross domestic product (GDP) – that reflects the industry’s growing significance in the global economy.

  1. The combined asset value of 520 banks in the Arab World have exceeded US$4.25 trillion with deposits reaching US$2.65 trillion and loan advances exceeding US$2.6 trillion by September 2021, according to Union of Arab Banks;
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  3. In 2020, the assets of global financial institutions amounted to more than US$468.7 trillion, up from US$404.1 trillion in 2019.