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Middle East banks continue to take small steps forward

Slow but steady growth seems to be the order of the day for banks in the Middle East, with most countries in the region having something to cheer.
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There are 92 Middle Eastern banks in 2013’s Top 1000 ranking, a marginal increase on the 91 banks that were present in 2012, but still a positive continuation of growth from the 83 banks that featured in the 2011 ranking.

Middle Eastern banks grew their Tier 1 capital by 7.88% during 2012 and today account for a 3.69% share of the global Tier 1 capital represented by the 1000 banks in the ranking.

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