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Middle East Banking Growing despite Recession
Jan 27, 2009
According to our new research report “Middle East Banking - Corporate Loan a Hot Opportunity”, banking sector in the Middle East region will continue to grow at robust rate despite the gloomy financial market worldwide. It is estimated that banking sector in the region will grow at a CAGR of about 19% in terms of assets during 2009-2012.
With growth in young population, which is better educated and more demanding now, and increasing diversity of financial products and services, banks and financial institutions across the region are investing heavily to match or outstrip their international peers. Moreover, growing regulatory developments for better process monitoring and developing secure financial systems are helping consumers rebuild their confidence on the system.
Most of the central banks in the region are taking all possible measures to avoid or minimize the impact of the global financial crisis initiated in the US. Almost all the central banks in their respective countries in the region have cut interest rates and lowered bank reserve requirements. Not only this, they have also guaranteed all the bank deposits, irrespective of their origin, and poured billions into long-term deposits into the banking system. This all will help banks in ensuring continuous growth in demand as well as supply of banking services throughout the region.
“Middle East Banking - Corporate Loan a Hot Opportunity” provides extensive research and in-depth analysis on the country-wise banking sector in Middle East, their key products and services. This report will help clients to analyze the leading-edge opportunities critical to the success of the banking Industry in the countries of Middle East. Detailed data and analysis help investors, financial service providers, and global banking players navigate through the evolving banking sector in the Middle East.
This research supplements the past and current information on the Middle East banking market with forecast on various important industry aspects, including, banking assets, deposits and loans, and some other important products like credit cards etc. Beside the consolidated information on the region, the report offers information on countries like the UAE, Saudi Arabia, Turkey, Qatar, Jordan, Bahrain, Kuwait, Iran, Israel and Oman.
For more information visit: http://www.rncos.com/Report/IM174.htm
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