Friday 23 December 2016 | 17:15
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BAGHDAD / .. Secretary General of the Union of Arab Banks and Sam Fattouh announced, on Friday, for the selection of three banks in Iraq among the 100 largest bank in the Arab countries.
He said Fattouh, said in a statement, that "the General Secretariat of the Union, and in accordance with the analytical study issued by the Union, and on the basis of Arab Banks, data, and included the top 100 Arab banks according to the assets shown for the end of the third quarter of 2016, those banks manage pooled assets estimated at 2.93 trillion dollars, or about 90% of the total Arab banking sector assets. "
He pointed out that "there are 21 Islamic banks in the list of the top 100 Arab banks, manages assets estimated at $ 486 billion, and despite the continuing unrest and political and economic pressures in all of Iraq, Libya, and Egypt, are still a number of banks occupy the top positions in the list of top 100 Arab bank. "
He pointed out that "the United Arab Emirates ranked first for the number of listed banks on the list, 17 banks, and Saudi Arabia, second place 12 banks, and thirdly Qatar, Lebanon 10 banks, and the Fourth of Kuwait 9 banks, Fifth Egypt 8 banks, and the Sixth Bahrain, Morocco 7 Machar ], Seventh both Libya and Algeria five banks.
Oman and occupied the eighth place, four banks, and Iraq ninth place three banks, and Jordan tenth place with the entry of Jordanian banks in the list of the top 100 Arab banks ".anthy 5
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