Noida, UP -- (SBWire) -- 03/28/2011 -- According to our latest report “Middle East Banking Sector Forecast to 2013”, Middle East region is one of the fastest growing banking markets. The financial services sector of the region is in the midst of a massive overhaul. The banking sector is well developed, profitable, and efficient in most of the GCC countries. Moreover, with rising population, increasing diversity of products & services, and increasing investments by banks and financial institutions, ME banking industry assets is expected to grow at a CAGR of over 12% during 2011 - 2013.
The ongoing analysis found that, the Central banks and other governing bodies in the region are taking many proactive measures to avoid any kind of discrepancies in the future, although the region is least affected compared to other parts of the world. Many Central banks are pumping money and maintaining liquidity through various measures to increase the confidence level of consumers.
According to our research, the commercial banks that operate in competitive environment are likely to be more efficient in coming years in the region.
Our team or experts has also found that, the Middle East banking industry is becoming more competitive. Furthermore, the Middle East region is one of the largest Islamic banking markets in the world. Islamic banking in the region has evolved during the past decade from a niche market to an important segment of the local banking industry, and has now reached critical mass. Main factors responsible for the growth of the Islamic banking in the region are, strong government involvement, increasing demand for and offer of Islamic products, and the entrance of numerous new players.
“Middle East Banking Sector Forecast to 2013” provides extensive research and in-depth analysis on the country-wise banking sector in the Middle East, their products, and services. It will help clients to analyze leading-edge opportunities critical to the success of the banking industry in the Middle East countries. Detail data and analysis help investors, financial service providers, and global banking players navigate through the evolving banking sector in the Middle East.
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About RNCOS
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
Rising Institutional Support Propelling ME Banking Sector
With increasing efforts from banks & financial institutions, Middle East banking assets are expected to grow at 12% CAGR during 2011-2013, RNCOS acknowledged.