Government Support Boosting Banking Sector in Saudi Arabia
2013-02-28 07:40:21 - Backed by robust government support, it is estimated that the lending in Saudi Arabia will grow at a CAGR of around 10% during 2012-2015, says RNCOS in its latest research report.
Saudi Government has been pro-active in its role on fuelling the economy, which is evident from the significant regulatory developments in the Kingdom’s banking sector. The government's ambitious spending programs to improve infrastructure has played a key role in enhancing business for the banking players. Despite the Euro zone crisis, the Saudi Arabian Banking Industry registered an impressive growth, and
it is estimated that the lending will grow at a CAGR of around 10% during 2012-2015.
Saudi Banks exhibited strong credit growth due to massive capital spending by the Government. Saudi Arabia also witnessed the highest intensity of new projects in recent years. More importantly, sound regulatory norms, such as SAMA’s commitment towards timely implementation of the Basel III framework shall further give wings to the Banking Industry in the Kingdom. Our thorough study comprehensively describes major drivers and trends impacting the growth of Saudi Banking industry.
Our latest report, “Saudi Arabia Banking Sector Outlook 2015”, spread across 60 pages analyzes macroeconomic factors critical to the banking sector along with their impact on the sector. The report also identifies key players in the market and includes their detailed business description. Besides, historical analysis of their performance is also undertaken on the base of key financial ratios. Infrastructural development of ATMs, POS terminals, and branches of top 10 banks is exhaustively been covered. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the Kingdom’s banking sector. Forecast for key banking segments, such as loans, deposits etc. have also been presented in the report to enable a better understanding of the Saudi Arabian banking sector.
For FREE SAMPLE of this report visit: www.rncos.com/Report/IM417.htm
Some of our Related Reports are:
- Saudi Arabia Banking Sector Analysis ( www.rncos.com/Report/IM245.htm
- Middle East Banking Sector Analysis ( www.rncos.com/Report/IM370.htm
- Saudi Arabia Insurance Market Analysis ( www.rncos.com/Report/IM301.htm
- UAE Insurance Market Forecast to 2012 ( www.rncos.com/Report/IM023.htm
Check Related REPORTS on: www.rncos.com/Banking&Insurance.htm
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