Banking Assets to Grow Impressively in Saudi Arabia

In the growing Middle East banking market, Saudi Arabia is on the top and has been taking several initiatives to sustain its position, says RNCOS latest report.

Noida, India (prHWY.com) February 24, 2012 - Banks and financial institutions across the Middle East, one of the world's fastest growing banking markets, are making huge investments in a variety of products and services to outshine their international peers. According to a recent research report by RNCOS, Saudi Arabia stood at the top in the region in 2011 with banking assets worth US$ 850.5 Billion. The high level of banking penetration in the country reflects its relatively developed infrastructure that has significantly increased foreign participation. Various leading international investment banks are now launching joint ventures in the Kingdom. With such developments, and boom in realty and construction sectors, total banking assets in Saudi Arabia are projected to increase at a CAGR of about 18% during 2011-2014.

The "Middle East Banking Sector Analysis" says that the government has invested billions of Saudi Riyals to provide sophisticated technological infrastructure facilitating non-cash payments and supporting enhanced electronic banking services. The 130-page extensive report adds that the commercial banks in the Middle East operate in a competitive environment that includes less government intervention and low market concentration. The banks are likely to be more efficient in coming years, and the Middle East banking assets are expected to grow at an impressive rate during the forecast period.

The report provides an extensive research and exhaustive analysis on the banking sector in each Middle East country and their products and services. Activities of prominent market players and regulatory developments in each country have been discussed in detail in the research study. These will help clients understand and analyze the factors critical to the success of the banking industry in the Middle East countries. Detailed information and its analysis will also assist investors, financial service providers, and global banking players in designing appropriate strategies as per market dynamics.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM370.htm

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About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Categories: Banking

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