60% complain about high levels of GCC bank charges

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Gulf customers have voiced their dissatisfaction at bank charges in the region, with 60 percent of respondents to an extensive Arabian Business poll rating their bank charges as "high" or "extortionate".

At the same time, almost one in three respondents said that the interest rates offered by their bank were "terrible".

Altogether, 58 percent of those polled said that their banks’ rates were either "inadequate" or "terrible".

The Arabian Business Banking Survey 2010 attracted more than 800 respondents across the six Gulf states.

Conducted over a six-week period, it collected information from readers of 63 different nationalities, who were the customers of more than 60 different banks in the region.

More data from the Arabian Business Banking Survey will be published online soon.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Some banks win, some lose in Dubai's 'Islamic economy'

Some banks win, some lose in Dubai's 'Islamic economy'

Dubai's gov't announced plans to turn the emirate into a global...

From film to fashion, Dubai bids to be creative capital for Arab world

From film to fashion, Dubai bids to be creative capital for Arab world

State-linked firms spending hundreds of millions of dollars as...

Tackling the Gulf's Generation Game

Tackling the Gulf's Generation Game

Feuds and disagreements over succession are just two of the biggest...

Most Discussed