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Jordan Commercial Banking Report Q4 2017

Jordan Commercial Banking Report Q4 2017

BMI View:

Jordan has a robust and mature banking and financial sector. Despite facing considerable instability and volatility in the region, it has remained resilient. Total assets grew by 2.6% in 2016 equating to 172.6% of GDP, making it one of the largest economic sectors in the country. We expect this trend to continue over the next five years with total assets growing by an average of 3.5% per annum. That said, we believe the government's austerity measures will limit opportunities in the public sector for the foreseeable future 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 security environment, Jordan's banking and insurance sector faces a number of challenges. The country's population is relatively poor with a GDP per capita of just USD3,258.5 in 2016. Many of the country's most wealthy citizens live abroad, predominantly in neighbouring GCC states, thus limiting demand for key products. The government's strict austerity measures reduce public sector opportunities and have forced many financial institutions to shift the focus of their expansion strategies to the private sector. On the whole, the market is highly concentrated with a small number of financial institutions dominating market share. This has reduced competition in the market and led to negative knock on consequences for customers including higher prices and limited innovation. Although government drives to increase regulation and enhance competition are underway, 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
Table: Middle Eastern Stock Exchanges Ranked By Market Capitalization (end 2016)
Table: ASE Top 10 Companies By Market Capitalization (May 2017)
Table: ASE Top 5 Sub-Sectors By Market Capitalization (May 2017)
Regulatory Environment
Macroeconomic Overview
Economic Activity
Exports To Rise As Security Improves
Austerity Measures 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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