{"id":384359,"date":"2025-03-18T16:56:28","date_gmt":"2025-03-18T19:56:28","guid":{"rendered":"https:\/\/anba.com.br\/?p=384359"},"modified":"2025-03-18T17:01:07","modified_gmt":"2025-03-18T20:01:07","slug":"gcc-banks-poised-for-growth-in-2025","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/gcc-banks-poised-for-growth-in-2025\/","title":{"rendered":"GCC banks poised for growth in 2025"},"content":{"rendered":"\n<p>S\u00e3o Paulo \u2013 The banking sector in the Gulf Cooperation Council is set for robust growth in 2025, supported by economic diversification efforts and favorable global financial conditions, <a href=\"https:\/\/www.arabnews.com\/\" target=\"_blank\" rel=\"noopener\">Arab News<\/a> reported based on data from accounting firm Ernst &amp; Young.<\/p>\n\n\n\n<p>According to EY, economic expansion across the region\u2014projected at 3.5% in 2025\u2014is driven by large-scale infrastructure projects, growing non-oil activity, and favorable monetary policies.<\/p>\n\n\n\n<p>Saudi Arabia and the UAE, the two largest GCC economies, are expected to see non-oil growth exceed 3.4 percent, fueled by reforms and investment. \u201cAs we go into the first quarter of 2025, the GCC banking industry should remain strong due to considerable capital cushions, healthy asset quality indicators, and adequate profitability,\u201d said the EY MENA Financial Services Leader, Mayur Pau.<\/p>\n\n\n\n<p>Saudi banks are witnessing steady credit expansion, propelled by Vision 2030 projects and a surge in private sector lending. \u201cThe country\u2019s planned megaprojects will play a role in creating enormous business and lending opportunities for banks this year,\u201d the report said.<\/p>\n\n\n\n<p>Saudi banks are witnessing steady credit expansion, propelled by Vision 2030 projects and a surge in private sector lending. \u201cThe country\u2019s planned megaprojects will play a role in creating enormous business and lending opportunities for banks this year,\u201d the report said.<\/p>\n\n\n\n<p>The UAE banking sector is experiencing sustained growth in lending activities, aided by relaxed monetary policies and strong corporate and retail deposit inflows.<\/p>\n\n\n\n<p>Banks in Qatar remain well-capitalized, with ongoing expansion of Qatar\u2019s liquefied natural gas sector expected to generate fresh credit opportunities.&nbsp;<\/p>\n\n\n\n<p>In Oman, banking sector growth aligns with the country\u2019s Vision 2040 diversification initiatives, which are boosting lending activity.<\/p>\n\n\n\n<p>Bahrain\u2019s financial industry is benefiting from an uptick in private-sector investments and the completion of refinery upgrades.<\/p>\n\n\n\n<p>Kuwait\u2019s banking sector maintains stability, backed by high foreign assets, accounting for 30.4% of total local bank assets.<\/p>\n\n\n\n<p><em>Read more:<\/em><br><a href=\"https:\/\/anba.com.br\/en\/saudi-bank-wins-award-for-empowering-women\/\">Saudi bank wins award for empowering women<\/a><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-384362\">\u00a9Fayez Nureldine\/AFP<\/div>","protected":false},"excerpt":{"rendered":"<p>Information from Ernst &amp; Young indicates that the outlook is favorable for the banking sector in the Gulf Cooperation Council countries, which are benefiting from local economic diversification efforts.<\/p>\n","protected":false},"author":2316,"featured_media":384362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[3971,2218,24877,12846,11627,2030,9598,9595,9579],"class_list":{"0":"post-384359","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-bahrain","9":"tag-banks","10":"tag-ernst-young-en","11":"tag-gcc-ar","12":"tag-kuwait-ar","13":"tag-oman","14":"tag-qatar-en","15":"tag-saudi-arabia-en","16":"tag-uae-en"},"wps_subtitle":"Information from Ernst &amp; Young indicates that the outlook is favorable for the banking sector in the Gulf Cooperation Council countries, which are benefiting from local economic diversification efforts.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/384359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=384359"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/384359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/384362"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=384359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=384359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=384359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}