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RNCOS Report Predicts Middle East Banking Industry to Skyrocket by 2011 - Rising disposable income, foreign investment and improved regulatory framework will drive the future prospects of the Middle East banking sector, says the RNCOS report
RNCOS Report Predicts Middle East Banking Industry to Skyrocket by 2011

 

NewswireToday - /newswire/ - Delhi, New Delhi, India, 2007/12/04 - Rising disposable income, foreign investment and improved regulatory framework will drive the future prospects of the Middle East banking sector, says the RNCOS report.

   
 
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The leading market research consulting services company RNCOS has recently released a comprehensive report “Middle East Banking Sector Analysis (2007-2011)” on the booming banking sector of Middle East. According to the report, the total banking assets in the Middle East are anticipated to climb up at a CAGR of 18% during 2007 to 2011.

The report provides a comprehensive overview of the factors that will fuel growth in the banking sector. These include rising disposable income, declining unemployment, increasing percentage of young and educated population, rising foreign investment, better regulatory framework, and increasing bank loan demand among others.

The report identifies the Middle East banking industry as full of opportunities and poised for immense growth. Among the key growth areas for banking in the region are microfinance, bancassurance and credit card as these sectors have low penetration rate.

The Middle East region constitutes one of the world’s fastest developing markets in the capital market and banking sector, which perform convincingly well in the administration and regulation openness. However, the report says that Middle East countries need to further boost their institutional environment in order to take the banking sector on high growth trajectory.

The RNCOS study marks the challenges prevalent in the Middle East banking sector. The biggest challenge will be posed by the Basel II norms, but the Middle East countries have taken measures to stick to the international Basel standards by dropping Non-Performing Loans (NPLs) and increasing the Capital Adequacy Ratios (CAR), report adds.

“Middle East Banking Sector Analysis (2007-2011)” provides a keen insight into the Middle East banking industry by prudently analyzing the driving factors, impact of government policies over the market and the future prospects, opportunities and challenges faced by the sector. The report also covers the banking sector and future prospects of the Middle East countries like Iran, Israel, Qatar, Oman, Kuwait, Saudi Arabia, Bahrain, Jordan, Turkey and United Arab Emirates.

The projection made in this report is based on the correlation between previous market growth and base drivers like GDP growth, increase in per capita income, competitive structure, long-term interest rates and rising concern of foreign players in the Middle East banking industry.

About RNCOS

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

 
 
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RNCOS Report Predicts Middle East Banking Industry to Skyrocket by 2011

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Publisher Contact: Shushmul Maheshwari 
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