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Industry Report Card: Gulf Banks Shrug Off Eurozone Turmoil To Continue Steady Recovery From 2008 Crisis Jul 12

  • ID: 2164862
  • July 2012
  • Standard & Poors
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  • Abu Dhabi Commercial Bank
  • Arab Banking Corp. B.S.C.
  • Banque Saudi Fransi
  • Doha Bank Q.S.C.
  • Mashreqbank
  • Samba Financial Group
  • MORE

Gulf banks will likely continue their gradual recovery from the 2008 crisis for the rest of 2012 and 2013. Standard & Poor's Ratings Services believes the trend of declining loan loss provisions will continue for most of the banks in the Gulf Cooperation Council (GCC), resulting in further recovery in reported net profits despite adverse conditions in the eurozone and international banking markets. Since the start of the global financial crisis in 2008 and despite slower balance sheet growth, most GCC banks have maintained healthy earnings generation before provisioning. Even though pockets of risk persist, asset quality continues to improve, and as a result banks do not need to set aside as many provisions to cover their loan losses. This...

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Gulf International Bank B.S.C.
- National Bank of Kuwait S.A.K.
- Arab Banking Corp. B.S.C.
- The National Commercial Bank
- Arab National Bank
- Samba Financial Group
- Riyad Bank
- The Saudi British Bank
- National Bank of Abu Dhabi
- Mashreqbank
- Abu Dhabi Commercial Bank
- BankMuscat S.A.O.G.
- Burgan Bank
- Al Rajhi Bank
- Gulf Bank
- Kuwait Finance House
- Qatar National Bank
- BMI Bank B.S.C.
- Banque Saudi Fransi
- The Commercial Bank of Qatar
- The Saudi Investment Bank
- Sharjah Islamic Bank
- Al Baraka Banking Group B.S.C.
- Ahli United Bank B.S.C.
- Doha Bank Q.S.C.
- Qatar Islamic Bank (S.A.Q)

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