Noida, UP -- (SBWIRE) -- 03/25/2011 -- According to our new research report "Saudi Arabia Banking Sector Analysis", Saudi Arabia has one of the largest and fastest growing banking markets in the Middle East. During the last few years, there have been significant changes in the Kingdom’s banking sector.
For instance, introduction of new products/services and distribution channels, more banks offering Islamic Banking services, and the opening up of the banking and insurance sector to foreign investors has resulted in various positive changes. It is expected that the banking assets in the Kingdom will grow at a CAGR of around 18% during 2010-2013.
As per our research, increased demand for consumer and corporate financing in the enhanced economic conditions will fuel the growth in the Kingdom’s banking sector. Besides, various other strong fundamental drivers discussed and analyzed in the report will enable the banking assets to sustain its upward growth trend in the coming years.
Further, our report has analyzed that Islamic banking has become an important aspect of the Saudi banking industry. The Kingdom, in terms of pool of funds, is the largest player in the global Islamic finance market. Strong government involvement and increasing demand for Islamic products have contributed to the growth in the Kingdom’s Islamic banking industry.
Apart from this, our report reveals that the private sector dominates the Kingdom’s banking sector and accounts for the bulk of credit extended as well as deposits received. Continuous expansion of commerce industry and various industrial sectors including construction and manufacturing and service sector, like transports are attributable for this growth.
Our latest research offering “Saudi Arabia Banking Sector Analysis”, is an outcome of extensive research and detail study of banking sector in Saudi Arabia. The report sheds light on the emerging industry trends, which are expected to decide the future of the Kingdom’s banking sector. Additionally, the report identifies key players in the market and includes their detail business description. Most importantly, the report enables better understanding of the Saudi Arabian banking sector by providing forecasts for key banking segments, such as loans, deposits etc.
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