Welcome to the Ministry of Finance Website
Last Login
  • عربي
  • Accessibility
  • Help
  • Contact Us
  • Sitemap
  • Communication Channels
  • Text to Speech

Tuesday 24-01-2017


 24/01/2017

CPI Financial

The banking sector in the Middle East and North Africa is entering into a period of mass digital transformation. This new era will positively impact financial institutions that adopt a top-down, concerted approach to the new digital era and, at the same time, hamper those institutions that do not effectively adapt to change.

Read More

CPI Financial

S&P has pointed out three key risks that face GCC banks in the coming year—difficult operating environment, a higher cost of risk, and lower liquidity. However, most GCC banks are believed to have sufficient capital buffers to remain resilient to their weakened operating environment. The weak economic environment will continue weighing on the financial profiles of banks in the GCC countries in 2017 and 2018, said S&P Global Ratings in a recent report. The end of the commodities super-cycle has resulted in a significant decline in the economic prospects of the GCC region, implying lower growth opportunities for its banking systems and deteriorating liquidity and the end of the commodities boom has also increased the pressure on GCC banks' asset quality and profitability indicators. “Although we expect to see further weakening in some of these indicators in 2017-2018, we think that GCC banks have built sufficient buffers to make the overall impact on their financial profiles manageable,” said S&P global Ratings credit analyst Mohamed Damak.

Read More


Page last updated : 13/02/2017 2:01 PM