Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report analysing the Middle East banking sector.

Middle East Banking Sector Analysis (2007-2011) reports that Middle East represents one of the world’s fastest growing markets for the banking and capital market.

The report shows that while the banking sector of the region accounts for a small asset value compared to the world, it is far ahead in terms of growth. The bank loan demand is also growing robustly in the region and is projected to grow at a CAGR of 22% from 2007 to 2011, creating a host of opportunities for players to expand.

Authors of the report note that the corporate sector is showing positive growth prospects for bank lending during the forecasted period. This, they say, is because the region will see commencement of more industrial and infrastructure development projects in coming years with increased funding from the private sector.

In addition, with the passing of new mortgage law, the mortgage finance market will expand rapidly from the low base. The authors further highlight that mortgage demand will surge at a concrete pace in the coming years due to rising property prices, high population growth rate and household formation. Expecting that the law will be passed shortly, several local banks have already launched Islamic mortgage products in the market.

Middle East Banking Sector Analysis (2007-2011)

Report Buyer product ID: RCS00212

Report Buyer category: Banking & Finance