The fourth edition of KPMG's GCC listed banks results report analyses the financial results of 56 listed banks from across the GCC.
The report titled ‘Embracing digital’ analyses the published financial statements of 56 listed commercial banks across Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. It provides industry leaders with succinct analysis, insights and forward-looking views, while comparing banking sector results and key performance indicators from across the GCC. Key financial trends in the banking sector across the region included asset and profitability growth, lower NPL ratios, improved cost efficiencies, higher loan impairment charges and increased share prices.
Looking forward, key focus areas in the sector in 2019 explored in this report include continued customer focus through innovation, cost and operational efficiencies remaining a priority, modest credit and profit growth rates, evolving regulatory regimes, increasing capital, fundraising activity and further consolidation.
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