December 13, 2010 10:08 ET

Saudi Arabia Is One of the World's Fastest Growing Banking Markets

ROCKVILLE, MD--(Marketwire - December 13, 2010) - has announced the addition of RNCOS's new report "Saudi Arabia Banking Sector Analysis," to their collection of Banking & Financial Services market reports. For more information, visit

Saudi Arabia is one of the world's fastest growing banking markets. Commercial banks that are operating in the competitive environment are likely to be more efficient in near future in the region amid technological developments and government favorable policies. Even in the wake of global financial turmoil, Saudi Arabian banking industry registered impressive year on year positive growth results.

According to our latest research offering "Saudi Arabia Banking Sector Analysis," despite adverse economic conditions, Saudi Arabia banks continued to expand their lending activities. The banks continued to lend to the enterprises as well as households. Total credit extended (to households and non-financial organizations) by the Kingdom's banks is expected to increase around 7% in 2010. The private sector dominates the Kingdom's banking sector and accounts for the bulk of credit extended as well as deposits received.

Further, despite the fact that the country was least affected compared to other parts of the world, central banks and other private bodies in the Kingdom are taking many proactive measures to avoid any kind of discrepancies in future. Further, many banks are investing money and maintaining liquidity through various measures to increase the confidence level of consumers.

Besides, the report analyzes macroeconomic factors critical to the banking sector along with their impact on the sector. The report also identifies key players in the market and includes their detail business description. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the Kingdom's banking sector.

Forecast for key banking segments such as, loans, deposits etc. have been also presented in the report to enable better understanding of the Saudi Arabian banking sector.

For more information, visit

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