Rising Consumer Loans - An Opportunity for Retail Banks
Increasing disposable Income and present low consumer price inflation along with increased use of credits and other banking facilities are leading the banking sector of Saudi Arabia, says RNCOS.
Personal loans have grown almost 20 times in value terms with a CAGR of around 26% during 1998-2011. Realizing opportunities in retail banking, some banks are already in progress of expanding their POS terminals and ATMs network. However, retail banking still does not have the demanded penetration and currently is dominated by corporate banking in the country.
Moreover, the Kingdom ranks first in terms of banking assets, net income, profitability, net interest income, loans and deposits. Unlike many banks around the world, Saudi Arabian banks remained in a healthy financial condition during recent euro zone crisis. It is also considered as one of the safest and risk-free banking market in the world. On the back of rising public and private investment and high FDI inflow in the Kingdom, the prospects of Saudi's banking sector is bright and stable.
The report, "Saudi Arabia Banking Sector Outlook 2015", spread in over 60 pages analyzes the macroeconomic factors critical to the banking sector along with their impact on the sector. The report also identifies key players in the market and includes their detailed business description. Besides, historical analysis of their performance is also conducted on the base of key financial ratios. Infrastructural development of ATMs, POS terminals and branches of top 10 banks is exhaustively been covered. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the Kingdom's banking sector. Forecast for key banking segments, such as loans, deposits etc. have been also presented in the report to enable better understanding of the Saudi Arabian banking sector.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM417.htm
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