<\/p>\n
Kuwait\u2019s banking sector witnessed healthy year-on-year growth, observing notable increase across multiple identified key performance indicators such as net provision charge on loans, capital adequacy ratio, and coverage ratio on stage 3 loans, according to top tax advisory firm KPMG.<\/p>\n
Underlining the sustained resilience of the banking sector in the region, KPMG published the ninth edition of the GCC listed banks\u2019 results.<\/p>\n
The report, titled Adaptation and growth, offers a succinct analysis of the leading listed commercial banks\u2019 financial results for the year-ended December 31 versus the previous year (year-ended December 31, 2022).<\/p>\n
KPMG said the solidity of the GCC economies shined through despite global economic challenges as the region lodged double-digit growth (23.1%) in terms of net profit to hit $53.2 billion in 2023.<\/p>\n
Total assets and share prices in the region surged by 8.1% and 7.7%, respectively.<\/p>\n
Also, in the green, albeit marginal, were capital adequacy ratio, cost-to-income ratio, net interest margin (NIM), return on equity and return on assets.<\/p>\n
The region saw a decrease in the overall non-performing loan (NPL) ratio, driven by banks conservative approach to credit risk management, according to KPMG report.<\/p>\n
The main highlight of the report remained the positive trend in each of the identified financial KPI, helmed by effective management, digital transformation, and improved return on investments.<\/p>\n
On the future outlook, KPMG professionals said they predicted effective NPL management, rapid balance sheet growth, healthy NIMs and measures to maintain cost control.<\/p>\n
They also anticipate that, in 2024, the banking sector will see a rise in the prominence of ESG, focus on AI and Regtech, and consolidation.<\/p>\n
KPMG<\/p>","protected":false},"excerpt":{"rendered":"
Kuwait\u2019s banking sector witnessed healthy year-on-year growth, observing notable increase across multiple identified key performance indicators such as net provision charge on loans, capital adequacy ratio, and coverage ratio on stage 3 loans, according to top tax advisory firm KPMG. Underlining the sustained resilience of the banking sector in the region, KPMG published the ninth […]<\/p>\n","protected":false},"author":1,"featured_media":1449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/04\/Kuwait-Banks-1-1140x445.jpeg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/04\/Kuwait-Banks-1-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/04\/Kuwait-Banks-1-300x200.jpeg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/04\/Kuwait-Banks-1.jpeg",1500,1000,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=1448"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1448\/revisions"}],"predecessor-version":[{"id":1450,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1448\/revisions\/1450"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/1449"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=1448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=1448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=1448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}