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GCC banks positioned to continue strong run in 2024: S&PS&P Global Ratings has said that Gulf Cooperation Council (GCC) banks' solid performance indicators in the first half of the year suggest they will finish 2024 strong. GCC banks' good performance sh More… |
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GCC banks show strong appetite for global expansionGulf Cooperation Council (GCC) banks are showing a strong appetite to grow their presence in major regional markets, particularly Turkiye, Egypt and India, attracted by improving economic conditions and better growth opportunities. More… |
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When rates drop, GCC banks' profitability will follow: S&PGulf Cooperation Council (GCC) banks’ profitability is expected to remain strong in 2024, but suffer a slight deterioration in 2025, as the Fed could start cutting rates in December 2024, and most GCC central banks are likely to follow s More… |
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GCC lending sees marginal impact of higher interest ratesThe GCC banking sector witnessed the initial impact of higher lending rates during Q3-2023 as credit facilities reported by listed banks in three out of six countries in the region declined as compared to Q2-2023, says Kamco Invest. More… |
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Strong operating conditions for GCC banks says reportGCC banks are benefitting from strong operating conditions supported by high oil prices, contained inflation and rising interest rates, but bank performance varies between markets, Fitch Ratings says. UAE banks’ profitability has More… |
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GCC banks post record nigh net profit in Q1: KamcoAggregate net profit for listed banks in the GCC reached a new record high during Q1, mainly led by a steep q-o-q increase in non-interest income that more than offset a sequential decline in interest income in Qatar and Kuwait, a report said. More… |
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GCC banks ‘have sufficient buffers’ to withstand Turkish risksGCC banks with Turkish subsidiaries have sufficient capital and profitability buffers to withstand financial risks from their operations in Turkiye (B/Negative), Fitch Ratings says. Banks More… |
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GCC banks' energy transition exposure on stable ground: reportGulf Cooperation Council (GCC) banks' exposure to sectors most subject to energy transition risks has remained broadly stable over the past three years, said an S&P Global Ratings report. However, the e More… |
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GCC banks' energy transition exposure on stable ground: reportGulf Cooperation Council (GCC) banks' exposure to sectors most subject to energy transition risks has remained broadly stable over the past three years, said an S&P Global Ratings report. However, the e More… |
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GCC banks post interest income of $18.6bn in Q3: KamcoNet interest income for listed banks in the GCC reached a record quarterly level at $18.6 billion during the third quarter (Q3) of 2022 compared to $17.2 billion during Q2-2022, a report said. The sequential increase was broad-bas More… |
