Saudi Arab - Central Bank Leveling Off Recession, Credit Demand Up

Delhi, India (PressExposure) February 10, 2009 -- According to our new research report “Middle East Banking - Corporate Loan a Hot Opportunity”, the Saudi Arabian banking sector will continue to grow robustly despite the liquidity crunch worldwide. It is estimated that in terms of loans, banking sector in the country will grow at a CAGR of about 15% during forecast period between 2009 and 2012.

There is expected a huge credit demand in the country. In fact, we expect that credit demand in the coming few months will be higher than that recorded in the past few years. Due to a deep liquidity crisis in other countries, particularly developed ones, most of the Saudi companies that previously borrowed abroad are now relying on local banks.

Moreover, Saudi Arabia’s central bank cut its key interest rate and reduced the level of reserves commercial banks are required to hold to encourage more lending to companies struggling to find credit. Recently, the central bank cut the repo rate by 1 percentage point to 3% and the reserve requirement to 7% from 10%. The measures are aimed at ensuring that adequate system liquidity is available to meet steady domestic demand. Thus, the growing local credit demand and government’s efforts to maintain balance between credit demand and supply will continue to drive the market.

Apart from Saudi Arabia, “Middle East Banking - Corporate Loan a Hot Opportunity” provides extensive research and in-depth analysis on the UAE, Turkey, Qatar, Jordan, Bahrain, Kuwait, Iran, Israel and Oman. It country-wise evaluates banking sector in the Middle East, and their key products and services.

This report will help clients to analyze the leading-edge opportunities critical to the success of the banking Industry in the Middle East countries. Detailed data and analysis help investors, financial service providers and global banking players navigate through the evolving banking sector in the Middle East.

The past and current information given in this report is supplemented with forecast on various important industry aspects, including banking assets, deposits, loans and other important products like credit cards etc.

For FREE SAMPLE of this report visit: [http://www.rncos.com/Report/IM174.htm]

Check DISCOUNTED REPORTS on: http://www.rncos.com

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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

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Press Release Submitted On: February 10, 2009 at 6:04 am
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