Banks’ financial profiles should stay stable in 2019: S&P Global - The Peninsula Qatar:
GCC (Gulf Cooperation Council) banks’ financial profiles should remain stable in 2019, absent any unexpected geopolitical shock. However, the recent drop in oil prices does not bode well for these banking sectors, S&P Global said in its “Global Banks 2019 Outlook”, yesterday.
The Bank lending growth should stabilise at around 5 percent in 2019, as stronger public investments raise economic growth in the region overall.
“We expect profitability to stabilise--with a return on assets at about 1.6 percent and a net interest margin at 3 percent in 2018-- benefitting from the higher interest rates and significant non-interest-bearing deposits,” the global ratings agency said.
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