22 Sep 2016
(MENAFN) GCC banking sector is predicted to face continued slowdown in growth, deterioration of asset quality and reduced profitability this year.
Accordingly, lower economic growth means fewer chances for banks in the GCC, while loans growth will reach almost 6pct on average in 2016.
Moreover, lower oil prices will lead to lower liquidity, as deposits from government and their related entities account between 20 and 40 percent.
The decline in economic growth exposed the most vulnerable borrowers, basically subcontractors and small and midsize enterprises.
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
26 Jan 2026
BBK Enhances Autumn Fair 2026 Experience with Customized Rewards and Premium Services
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more