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
How to increase productivity

How to increase productivity

With the desire to develope skills, knowledge, and competence...

Should I hire friends?

Should I hire friends?

Tamara Pupic looks at whether you should hire friends to work...

Is business aviation on the rise?

Is business aviation on the rise?

The Middle East's business aviation industry is forecast to be...

Most Discussed