New Report Says Total Banking Assets In The Middle East Will Show 18% Cagr From 2007 To 2011

Authors of the report identify the Middle East banking industry as full of opportunities and poised for rapid growth. Among the key growth areas for banking in the region are microfinance, bancassurance and credit card transactions, as these sectors have low penetration rate. End Quote

(1888PressRelease) January 05, 2008 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that the Middle East bank sector is booming. It predicts that the total banking assets in the region are anticipated to climb at a CAGR of 18% from 2007 to 2011.

“Middle East Banking Sector Analysis (2007-2011)” which is available at http://www.reportbuyer.com/banking_finance/banking/middle_east_banking_sector_analysis_2007_2011.html provides a comprehensive overview of the factors that will fuel growth in the banking sector.

These factors include rising disposable income, declining unemployment, increasing percentage of young and educated population, rising foreign investment, better regulatory framework, and increasing bank loan demand among others, it says.

Authors of the report identify the Middle East banking industry as full of opportunities and poised for rapid growth. Among the key growth areas for banking in the region are microfinance, bancassurance and credit card transactions, as these sectors have low penetration rate.

The study finds that the Middle East region constitutes one of the world’s fastest developing markets in the capital market and banking sector which performs well in the administration and regulation openness. However, the report says that the Middle East countries need to further boost their institutional environment in order to take the banking sector to high level growth.

The report analyses the driving factors, impact of government policies over the market and the future prospects, opportunities and challenges faced by the sector. The projection made in this report is based on the correlation between previous market growth and base drivers like GDP growth, increase in per capita income, competitive structure, long-term interest rates and rising concern of foreign players in the Middle East banking industry.

“Middle East Banking Sector Analysis (2007-2011)” is available from Report Buyer. For more information go to: http://www.reportbuyer.com/go/RCS00212

Report Buyer product ID: RCS00212

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