ME Banking Industry Extending Loans to Corporate and Mortgage
Released on: September 29, 2008, 11:57 pm
Press Release Author: Shushmul Maheshwari
Industry: Financial
Press Release Summary: Middle East has become a haven for foreign banks as the bank lending in the country is rising exponentially, thanks to the corporate sector and growing mortgage.
Press Release Body: Middle East represents one of the world’s fastest growing markets for the banking and capital market. While the banking sector of the region accounts for a small asset value compared to the world, it is far ahead in terms of growth. The bank loan demand is also growing robustly in the region and is projected to grow at a CAGR of 22% from 2007 to 2011, creating a host of opportunities for players to expand, forecasts our latest research report “Middle East Banking Sector Analysis (2007-2011)”.
As per our study, the corporate sector is showing positive growth prospects for bank lending during the forecasted period. This is because the region will see commencement of more industrial and infrastructure development projects in coming years with increased funding from the private sector.
In addition, with the passing of new mortgage law, the mortgage finance market will expand rapidly from the low base. Mortgage demand will surge at a concrete pace in coming years due to rising property prices, high population growth rate and household formation. Expecting that the law will be passed shortly, several local banks have already launched Islamic mortgage products in the market.
“Middle East Banking Sector Analysis (2007-2011)” gives a detailed research and in-depth analysis of the country-wise banking sector in the Middle East along with products and services offered by individual markets. Quality analysis, coupled with extensive data, enables investors, financial service providers and global banking players to thoroughly understand the developing banking sector in the Middle East. It also helps clients to find out leading-edge opportunities critical to the success of the industry.
Our exhaustive report on the Middle East banking industry also provides forecast on bank loans in Asia, bank assets in the Middle East, bank assets by region, and bank loans and bank deposits by region.
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