Home NewsSaudi Arabia GCC banks ‘could show broad stability across key metrics’

GCC banks ‘could show broad stability across key metrics’

by admin

GCC banks and banking systems should exhibit broad stability across key metrics in 2024, S&P Global Ratings has said in a report.

Entitled ‘GCC Banking Sector Outlook 2024: A Relative Bright Spot Among Emerging Markets,’ the report said S&P forecasts credit growth and profitability remaining strong for most, but anticipates a slight softening from 2023 levels. In general, the region’s banks will continue to stand out as being well-capitalised, profitable, well provisioned, and (for the most part) liquid.

“We expect broad stability…

Source link

You may also like

About Us

GCC Weekly™ curates,  aggregates and disseminate socio-economic, technology and political news about the Gulf Corporation Council (GCC) member countries. Six Middle East countries that make GCC are Bahrain, Oman, Kuwait, Saudi Arabi, Qatar and United Arab Emirates.


GCC Weekly™, in collaboration with Arab Newswire, publishes and distributes press releases to media in the GCC countries. For more information on press release distribution, complete the form on the right or contact us by using any of the social media handles shown below.


WhatsApp: +1 832-716-2363
Skype: groupwebmedia
Telegram: @groupwebmedia

Contact Us

Recent News

GCC Weekly™ is part of GroupWeb Media Network. © 2024 GroupWeb Media LLC