Friday 24 November 2017
 
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GCC banks

Capitalization ‘positive rating factor for GCC banks’

Capitalization continues to be a positive rating factor for banks in the Gulf Cooperation Council (GCC) countries, S&P Global Ratings said in a new report. “After completing our latest tally of their risk-adjusted capita

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Could fintech disrupt GCC banks' business models?

Financial technology (fintech) could reduce the profitability of some business lines of GCC banks and change the way they operate over time, according to new report published by S&P Global Ratings. "Technological innovati

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GCC banks to see loan growth of 4.9pc in 2017

Despite current business conditions, GCC banks are expected to register a solid loan growth of 4.9 per cent in 2017, a report said. This is, however, far lower than the average annual growth of 9.2 per cent recorded between 2012 a

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GCC banks 'resilient in weaker economic environment'

The rated banks in the GCC continued to display good asset quality indicators, profitability, and capitalisation in 2016 by global standards, albeit with signs of deterioration from 2015, said a report by S&P Global Ratings. The wea

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GCC banks eyeing Africa for new opportunities

The larger local banks in the GCC are approaching saturation in their home market and are starting to venture out to attractive markets such as Africa, says a new report from EY, a leading professional services firm. Dubai, UAE in

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GCC banks revenue growth back to single-digit in 2015

The banking industry in the GCC grew at a lower rate in 2015 than it did in 2014 with just a 7.2 per cent increase, stemming almost exclusively from major customer segments such as retail and corporate banking, a report said. Base

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GCC banks may issue $43bn of Basel III debt by 2019

Arqaam Capital, the specialist emerging and frontier markets investment bank, expects GCC banks to issue $43 billion of Basel III compliant debt by 2019 in order to improve the quantity and quality of their capital base. Jaap Meij

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GCC banks’ earnings ‘set to slide’ after solid H1

Banks in the GCC, which reported a good set of gains in the first half of 2015, could see a weakening in earnings over the next several quarters due to the knock-on effects of lower oil prices on growth and asset quality, a report said.

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Qatar's regulator to grant licences to GCC banks

Qatar's central bank is to grant licences to Gulf Cooperation Council (GCC) banks to open branches in the state, the government said on Wednesday. Qatar already has a relatively large number of banks - around 18 - servicing a

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Mena banks’ outlook 'in sharp contrast'

The outlook for banks across the Mena region signals a diverging trend, with stable prospects for GCC banks contrasting with unsettled conditions in rest of Mena region, a report said. The outlook is split between the buoyant oper

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