Barring Oil Or Geopolitical Risks, Gulf Banks' Financial Profile Should Stabilize in 2019
- GCC banks' financial profiles should remain stable in 2019, absent any unexpected geopolitical or oil-price shock.
- Bank lending growth should stabilize at around the 5% mark over the next 12 months, as higher oil prices and stronger public investments raise economic growth in the region overall.
- We expect profitability to stabilize--with return on assets at about 1.5%-1.7% and net interest margins at 3% on average in 2018--benefitting from the higher interest rates and significant non-interest-bearing deposits on banks' balance sheets.
- International operations could pose a latent risk for some GCC banks. A few banks with exposure to Turkey will see some impact on their asset quality.
- Three-quarters of the 24 GCC banks we rate carry a stable outlook. Negative outlooks are concentrated in Qatar and on a few banks in other GCC countries due to higher risk in their international operations. The average GCC bank rating is 'BBB+'.
Home >> Energy and Industry Section
Ministry of Industry and Advanced Technology extends nomination period for Make ...
Icons shine with OMEGA in Milan
LG Announces First-Quarter 2024 Financial Results
Dubai South Signs Agreement With Agmc To Launch A New AED 500 Million State-Of ...
Terra Nova 40.5 Turning Bezel Power Reserve
ADMAF announces the return of 'Riwaq Al Adab Wal Kitab' with a lively cultural p ...
Formula E And Fia Unveil Gen3 Evo Race Car Capable Of 0-60mph In Just 1.82s
FEST Auto and Abu Dhabi University collaborate to accelerate sustainable urban m ...
Dubai Customs and "Dubai Charity" Distribute Meals and Food Supplies t ...
Expo City Dubai to Host The Wings for Life World Run for the 2nd Consecutive Yea ...
Thousand mangrove trees to be planted as part of EarthSoul Festival in Dubai
World Art Dubai 2024 Unveils 12 International Pavilions Showcasing Global Artist ...
A New Blueprint for Health and Vitality at AyurMa: Introducing PraMā at Fou ...
Over AED 768 million worth pension disbursements for the month of April, announc ...
Experts outline a promising future for the GCC hospitality sector, as the UAE ma ...
Union Coop and Ministry of Human Resources and Emiratization Collaborate to Trai ...
Moorfields Eye Hospital Dubai unveils 20% expansion, equipped with the latest te ...
Dubai Food Festival 2024: Get ready to feast your senses at Mall of the Emirates ...
RAKEZ achieves 61% increase in new company registrations in Q1 2024