Kuwait Banking & Financial Services Q1 2020

Kuwait Banking & Financial Services Q1 2020

Key View:

Kuwait is one of the oldest financial centres in the Gulf region. The development of the sector has been hampered sincethe 1960s and other countries in the region have outpaced it in a number of areas, mainly due to an inadequate regulatoryframework. With recent regulatory reforms, increased government spending and a revised strategy, the industry was expected togrow in the coming years and challenge its peers in areas in which it lacked previously, but a fall in oil prices will hold the sector backin the foreseeable future. The banking and insurance sectors in particular have shown signs of improvements in the past months asthey continue to grow; however, the banking sector is expected to witness lower credit growth in the next couple of years due to thefall in oil prices, while the insurance sector's growth is forecast to be around the upper single digits.


Key View
SWOT
Banking
Banking Snapshot
Forecast Scenario
Forecast Tables
Competitive Landscape
Regulatory Environment
Insurance
Insurance Snapshot
Competitive Landscape
Regulatory Environment
Asset Management
Asset Management Snapshot
Competitive Landscape
Regulatory Environment
Stock Exchanges
Stock Exchanges Snapshot
Competitive Landscape
Regulatory Environment
Macroeconomic Overview
Bleak Oil Production Outlook To Restrict Kuwaiti Growth
Macroeconomic Forecasts
Household Income Forecasts
Kuwait Demographic Outlook
Banking & Financial Services Methodology

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