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The GCC banking sector will remain resilient in 2024, bucking the global trend, amid robust economic growth in the non-oil sectors across the region.
Moody’s projected that GCC banks’ liquidity buffers will stay ample this year and profitability will remain strong in stark contrast to the global market, where profit is expected to plunge on higher funding costs, lower loan growth and loan-loss provisioning needs.
Banks in the Gulf region have weathered several storms in recent years from…