中东和北非2023年上半年银行业报告-26页

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MENA H1 2023 Banking Report1

MENA H1 2023

Banking Report

MENA H1 2023 Banking Report2

About the report

This report analyzes the H1 2023 performance of 32 leading banks across the MENA region.

The report is based on detailed financial information including balance sheets, income statements and

management disclosures. All information is sourced from publicly available financial statements of

banks.

Contents

Executive summary

Sector insights

Banking performance

FY23 outlook

Annexure

MENA H1 2023 Banking Report3

Houssam Itani

Partner - EY Consulting

LLC Qatar - MENA

Banking & Capital

Markets Leader

Charlie P Alexander

Partner - EY Consulting

LLC Dubai - MENA

Financial Services

Leader

Despite the fact that the COVID-19 pandemic has

diminished in most countries, pressure on global

growth still exists. The broader Gulf Cooperation

Council (GCC) banking sector has seen a limited impact

from the ongoing banking sector crisis in the US and

Europe. The GCC banking sector has gone through a

fundamental transformation and has been on a growth

trajectory. This development is playing an increasingly

important role in the region's overall economic

growth.

The outlook for the GCC region has been strengthened

by strong oil prices and the related improvement in

non-oil activity, which has also supported the credit

demand in the region. A look back into 2022 for GCC-

listed banks shows an upward trend of 9.9% growth in

total assets, 25.3% growth in net profit, 0.2% growth

in return on equity and return on assets, 0.2% growth

in net interest margin and 0.7% growth in share price.

A few of the downward trends include a 0.3% decrease

in capital adequacy ratio (CAR), a 1.0% decrease in

cost-to-income ratio, a 1.2% decrease in return on

equity (ROE), a 0.8% decrease in dividend payout ratio,

an 11.2% decrease in net provision in loans, a 0.1%

decrease in non-performing loan (NPL), which reflects

a favorable approach to credit risk management, and a

0.3% decrease in average capital adequacy ratio.

The drive for lending growth is due to residential

mortgage lending in Saudi Arabia, spike by retain

lending and the oil sector in Kuwait, the government

force for higher lending in Qatar and economic

improvement in the UAE and Egypt. Though asset

quality remains broadly unchanged during the year, it

is anticipated to deteriorate slightly due to the

expected slowdown of the GCC economies and higher

interest rates. GCC banks will remain resilient in 2023

despite uncertainty. Risks include economic slowdown,

exposure to riskier countries and liquidity shortages.

Predictive analytics enhances financial decisions.

Compliance enhances corporate values and

governance.

In the future, the Middle East and North Africa (MENA)

banking sector is expected to grow largely driven by

the increasing demand for banking services and the

growth of digital banking. Additionally, regulatory

reforms such as the introduction of Basel IV, are

expected to have a positive impact on the sector.

Economic conditions will improve as the oil price will

likely sustain and enable the GCC governments to

support the economy. On the other side, inflation is

likely to subside due to higher interest rates.

Digital transformation is the future of the MENA

banking sector. Artificial intelligence (AI) is reshaping

the MENA financial services industry, bringing faster

and personalized banking services through chatbots.

Digital banking with a wider drive toward ecosystem

models, mobile payments, open banking, blockchain

and sustainable finance are prominent trends.

Financial companies rely on digital firms for crucial IT

systems and collaboration with FinTech firms, which

provide comprehensive services. Tokenization and

open banking are prioritized areas.

Open banking is another way to improve the customer

experience, as the consumers will have full control

over their finances providing them with a better range

of products and services.

Lastly, most of the GCC states have stated net-zero

commitments to evolve the economy’s carbon

intensity to enable sustainable finance which is

important for energy transition.

01 Executive summary

Digital innovation and transformation to shape the future banking

landscape in the MENA region

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标签： #银行业 #中东 #银行

摘要：

MENAH12023BankingReport1MENAH12023BankingReportMENAH12023BankingReport2AboutthereportThisreportanalyzestheH12023performanceof32leadingbanksacrosstheMENAregion.Thereportisbasedondetailedfinancialinformationincludingbalancesheets,incomestatementsandmanagementdisclosures.Allinformationissourcedfrompubl...

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