Markaz Analysis of GCC Banks

 Markaz has published another of its insightful research pieces.  This one is on the GCC banking sector in 2009.

Here's sample paragraph.

The year 2009 can truly be declared as a year of provisioning. The 61 banks in the GCC region are estimated to provide a whopping USD9.4 bn in provisions during 2009, a 40% jump from 2008 and a 5-fold increase from the modest level of USD 1.8 bn for 2007. As a percentage to loans, we forecast provisioning to hit 1.3% in 2010 as compared to 0.8% seen between 2003-2009.

Markaz provides a macro GCC analysis and then individual country and bank details looking at provisions, loan growth, and the loans to deposits ratio.

A very good review.