GCC has opportunities despite a slowdown in GDP growth | GulfNews.com:
"The GCC region along with the wider Middle East and Africa region continues to offer opportunities for balance sheet expansion, Frederic Oudea, Chief Executive of French banking giant Societe Generale, told Gulf News.
Oudea’s comment comes at a time when the GCC economies are facing a slowdown in growth and are in the process of trimming their public spending to cope with a decline in government revenues resulting from the persistent fall in oil prices.
While a few global banks operating in the region have announced the downsizing of their operations or closing down some lines of business, Societe Generale has been expanding and adding resources to the region since 2014."
'via Blog this'
No comments:
Post a Comment