We have released our third GCC listed banks results report today, analyzing the published results of most listed commercial banks across Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates for the year ended 31 December 2017.
The report, themed “Shifting Horizons”, highlights some of the key financial trends in the banking sector across the region when compared to the prior year, including: asset and profitability growth; lower loan impairment and NPL ratios; increased cost efficiencies; and improved capital positions, amongst others.
These trends, largely positive, were particularly impressive given the unique year for the region both politically and economically thus reflecting the resilience of the banking sector. The report also highlights the increased optimism on the back of these positive financial results coupled with the rising oil price environment, resulting in banks shifting horizons from a more conservative approach we have witnessed in recent times to a more innovation and growth driven mindset, albeit in a measured manner.
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©2020 KPMG Qatar Branch is registered with the Ministry of Commerce and Industry, State of Qatar as a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.