Middle East Banking Sector to Post Strong Growth

The Middle East region is one of the world's fastest growing markets in the banking and capital market sector. The financial services sector of the region is in the midst of a massive overhaul. According to our research report “Middle East Banking Sector Forecast to 2013” bank assets in the Middle East will grow at a CAGR of around 12% during 2011-2013. Various economic reforms in the region as along with high level of private savings and a relatively stable banking system will fuel growth in this sector.

 

We have found that Turkey will have the largest banking assets in 2013, followed by Saudi Arabia and Iran. However, Turkey is estimated to be the third largest country in terms of bank assets in 2010. According to the report, foreign investors’ interest in the Turkish banking sector points to high expectations and the sector’s potential for growth. Besides, Turkey is implementing many economic reforms to become a part of the European Union. As a result, the Turkish banking industry has seen many changes. These changes include massive restructuring and various banking mergers that have made their marks on the financial history of Turkey.

 

Our team of analysts has also found that, improvement in the stability and credit risk profile of the Turkish economy, reduced lending share of poor performing state-owned banks in the industry, and improvement in bank regulations will strengthen the industry in near future. Turkey’s banking assets are projected to expand at a CAGR of around 18% during 2011-2013. During the forecast period, the Turkish financial services sector looks set for further expansion, driven by solid economic growth and declining interest rates, and inflation.

 

“Middle East Banking Sector Forecast to 2013” provides extensive study of banking industry of the Middle East including Turkey, the UAE, Israel, Saudi Arabia, Iran, Bahrain, Kuwait, Qatar, Jordan, and Oman. We have analyzed current as well as future potential of banking industry in the region. The report also gives insight regarding banking assets, loans and deposits with analysis of credit cards, debit cards, ATMs, and POS terminals in the region.

For more information visit: http://www.rncos.com/Report/IM278.htm