Banking sector is profitable and efficient in most of the Gulf Cooperation Council (GCC) countries. In the Middle East and North Africa (MENA) region, the Kuwaiti banking system is one of the strongest, benefiting from a robust financial profile, strong support mechanism, and limited competition. According to our latest research report on Kuwait’s banking sector, the country’s credit card market is set for a major growth in the next few years. At present, the country has one of the highest average-spend-per-credit card ratios in the GCC region.
The comprehensive report, “Kuwait Banking Sector Analysis”, sees that though Kuwait’s credit card market is one of the most profitable ones in the GCC region, the growth level of bank deposits may not be sustained in near future as consumers are gradually losing their confidence. It is estimated that the Kuwait bank deposits will post a CAGR of around 4% during 2011-2014. In our extensive study, we have discussed how the government is trying to improve the consumers’ confidence in the country’s banking sector.
Our research work also observed that among the MENA countries, the most developed Islamic banking sectors are found in Bahrain, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates. The study presents the forecasts for bank assets, deposits, loans. We also discussed regulatory developments and key players in Kuwait’s banking industry. The report will help clients analyze opportunities and factors critical to the success of banking industry in Kuwait, and plan their investment strategies accordingly.
