An extensive online survey conducted by Arabian Business has found that one in three Gulf residents is unhappy with the region’s "inadequate" banking experience.
More than 20 percent of respondents rated their overall banking experience as "terrible".
Some 41 percent of expatriate respondents said they rated Gulf banks as "much worse" than the banks in their home country.
Less than half that figure believes the Gulf banking experience is better compared to that offered in the country they are from.
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.
In a report last month, Global Investment House said the UAE’s eight biggest banks may report an 18 percent rise in profit in 2010 and earnings may increase further if provisions from Dubai World’s debt restructuring aren’t high
The Kuwaiti investment bank said in a report that earnings may grow at an average annual rate of 26 percent over the next four years as UAE economic growth accelerates beyond the 2 percent to 3 percent rate expected this year.