Saudi Arabia Banking Sector Analysis

Saudi Arabia has one of the largest and fastest growing banking markets in the Middle East. In terms of banking assets, the country ranks second in the region after the UAE. The sector is highly capitalized, well regulated and more profitable in the region. Despite the heavy slowdown in the economy, the banking sector continued to post healthy growth rate in the recent years. As per our estimations, the banking assets are forecasted to grow at a CAGR of around 18% during 2010-2013.

Weathering the global financial crisis well, banks in Saudi Arabia continued to expand their lending activities. Bank loans grew at a CAGR of over 17%, while deposits posted a CAGR of over 16% during 2004-2009. The private sector dominates the Kingdom’s banking sector and accounts for the bulk of credit extended as well as deposits received, says a new report “Saudi Arabia Banking Sector Analysis’ by RNCOS, a leading market research firm.

Moreover, the Saudi Arabian banking sector has also witnessed a notable expansion in the modern banking technologies, including Internet banking and phone banking services. They have enabled the banks to provide a well integrated and modern range of high-tech banking services. The banks are also modernizing their payment card technology and shifting towards smart card technology to offer more secure and advanced featured card to consumers.

The report “Saudi Arabia Banking Sector Analysis” is an outcome of extensive research and detailed study of the Saudi Arabian banking sector. In this report, all the important performance indicators of the Saudi Arabian banking sector have been comprehensively discussed. Most importantly, it also features forecast for each of the key banking segment to provide better understanding of the banking sector in the country.

The report analyzes the trend of macroeconomic factors critical to the banking sector and their impact on the sector. It has also identified key players in the market and contained their detailed business description. Additionally, the report sheds light on the emerging industry trends which are expected to decide the future of the Kingdom’s banking sector.

For more detail visit :- http://www.marketsmonitor.com/Saudi-Arabia-Banking-Sector-Analysis-Report/IM245.htm