Banking in the GCC

Banking in the GCC: Structure, Performance and Transformation
English | 2026 | ISBN: 3032217369 | 323 Pages | PDF EPUB (True) | 8 MB
Similar to banking systems worldwide and driven by geopolitical pressures, the banking systems in the Gulf Cooperation Council (GCC) region face many significant challenges, especially in the wake of the 2007-09 credit crunch, the decline in oil prices in 2014, and the post-2011 unsettled political landscape in the wider Middle East North Africa (MENA) region. These challenges include deregulation concerning the establishment, operation, and supervision of credit institutions; the accelerating improvements in computer and telecommunication technologies and Fintech structure; and growing competition from global and domestic banks. Moreover, the future expansion within the GCC banking sector due to the national governments' demonstrated commitment to implementing economic diversification strategies which favour the development of non-government sectors will present further opportunities to the domestic financial institutions as well as place greater pressure on them to boost efficiency and stability, as well as improve their competitive stance