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Jordan Banking & Financial Services Report Q3 2017

BMI View: Jordan has a robust and mature banking and financial sector. Despite facing considerableinstability and volatility in the region, it has remained resilient. Total assets grew by 2.6% in 2016 equatingto 172.6% of GDP, making it one of the largest economic sectors in the country. We expect this trend tocontinue over the next five years with total assets growing by an average of 3.5% per annum. That said, webelieve the government's austerity measures will limit opportunities in the public sector for the foreseeablefuture leaving banks highly reliant on the private sector for borrowing and saving opportunities.

Despite demonstrating significant resilience in what has been a challenging economic and securityenvironment, Jordan's banking and insurance sector faces a number of challenges. The country's populationis relatively poor with a GDP per capita of just USD3,258.5 in 2016. Many of the country's most wealthycitizens live abroad, predominantly in neighbouring GCC states, thus limiting demand for key products. Thegovernment's strict austerity measures reduce public sector opportunities and have forced many financialinstitutions to shift the focus of their expansion strategies to the private sector. On the whole, the market ishighly concentrated with a small number of financial institutions dominating market share. This has reducedcompetition in the market and led to negative knock on consequences for customers including higher pricesand limited innovation. Although government drives to increase regulation and enhance competition areunderway, we believe the market will remain unchanged for the foreseeable future.


BMI Industry View
Banking & Financial Services Industry View
Table: Financial Services Forecasts (Jordan 2015-2020)
Table: Financial Services Forecasts (Jordan 2021-2026)
SWOT
Banking & Financial Services
Banking
Banking Snapshot
Forecast Scenario
Table: Key Banking Forecasts (Jordan 2015-2021)
Forecast Tables
Table: Assets Forecasts (Jordan 2015-2020)
Table: Assets Forecasts (Jordan 2021-2026)
Table: Liabilities Forecasts (Jordan 2015-2020)
Table: Liabilities Forecasts (Jordan 2021-2026)
Table: Key Ratios Forecasts (Jordan 2015-2026)
Competitive Landscape
Table: Top 10 Commercial And Retail Banks By Total Assets, JODmn
Table: Top 10 Banks - Asset Quality
Table: Top 10 Banks - Earnings & Profitability
Table: Top 10 Banks - Capital & Leverage
Table: Top 10 Banks - Funding & Liquidity
Regulatory Environment
Insurance
Insurance Snapshot
Table: Gross Insurance Premiums Written (Jordan 2015-2020)
Table: Gross Insurance Premiums Written (Jordan 2021-2026)
Competitive Landscape
Table: Top 10 Life Insurance Companies By Gross Premiums, USDmn
Table: Top 10 Non-Life Insurance Companies By Gross Premiums, USDmn
Regulatory Environment
Asset Management
Asset Management Snapshot
Competitive Landscape
Regulatory Environment
Stock Exchanges
Stock Exchanges Snapshot
Competitive Landscape
Regulatory Environment
Macroeconomic Overview
Economic Analysis
Exports, Investment To Rise
Fiscal Consolidation Will Weigh On Consumption
Macroeconomic Forecasts
Table: Macroeconomic Indicators (Jordan 2016-2026)
Demographic Forecast
Jordan Demographic Forecast
Table: Population Headline Indicators (Jordan 1990-2025)
Table: Key Population Ratios (Jordan 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Jordan 1990-2025)
Table: Population By Age Group (Jordan 1990-2025)
Table: Population By Age Group % (Jordan 1990-2025)
Methodology
Industry Forecast Methodology
Sector-Specific Methodology

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