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Kuwait Banking & Financial Services Q1 2019

Kuwait Banking & Financial Services Q1 2019

Key View:

Kuwait is home to one of the oldest financial centres in the Gulf area. The development of the sector has beenhampered since the 1960s and other countries in the region have outpaced it in a number of areas, mainly due to an inadequateregulatory framework. With recent regulatory reforms, increased government spending and a revised strategy, the industry isexpected to grow in the coming years and challenge its peers in the areas it lacked previously. The slump in oil prices has started toraise fears as an economic slowdown is possible if the current trend continues, especially since the country is heavily dependent onone resource. However, the forecast increase in Brent crude prices to USD65.0/bbl from USD57.0/bbl is expected to improve thesector's performance.The banking and insurance sectors in particular have shown signs of improvements in the past months as theycontinue to grow, with the banking sector seen at a good stage in its development while the insurance sector's growth has hitdouble digits.

Key View
Banking Snapshot
Loan Growth To Rebound At Kuwaiti Banks
Forecast Tables
Banking Competitive Landscape
Banking Regulatory Environment
Insurance Snapshot
Insurance Competitive Landscape
Insurance Regulatory Environment
Asset Management
Asset Management Snapshot
Asset Management Competitive Landscape
Asset Management Regulatory Environment
Stock Exchanges
Stock Exchanges Snapshot
Stock Exchanges Competitive Landscape
Stock Exchanges Regulatory Environment
Macroeconomic Overview
Kuwait Growth To Accelerate On Oil Gains
Macroeconomic Forecasts
Household Income Forecasts
Kuwait Demographic Outlook
Banking & Financial Services Methodology

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