Differentiation of Gulf Bank in Kuwait
Gulf Bank’s major competitive edge is product innovation and differentiation in terms of excellent service.
Corporate Banking in Kuwait
Gulf Bank is a major corporate banking player in Kuwait. The corporate banking segment contributes 60-70% to the bank’s income.
Competition in Kuwait’s Banking Sector
The competition in Kuwait’s banking sector will intensify in 2012.
Kuwait: Banking Sector in 2012-2013
Kuwait’s banking sector will probably grow by 3-5% in 2012.
Lending Opportunities for Kuwait’s Banking Sector
Michel Accad, CEO of Gulf Bank – the second largest bank in Kuwait, believes there are significant lending opportunities in Kuwait.
Kuwait: Banking Sector Banking on Home-Made Challenges
Although the well-capitalized Kuwaiti banking sector has digested the financial crisis by bringing down the share of non-performing loans (NPLs) and getting back to profits, the political ups and downs as well as the economic (oil) monoculture in the northern Gulf state prevent the sector from achieving its full potential.
Banks in Kuwait: Overview of the Kuwait Banking Sector
In 2012, the Kuwait banks are cleaning up their balance sheets as a response to the consequences of the financial crisis of 2008/09 that is most likely going to continue throughout 2012.
Burgan Bank’s Strategy: “Regional Growth & Strong Balance Sheet”
Interview with Eduardo Eguren, Chief Executive Officer of Burgan Bank. Burgan Bank is optimistic about the outlook for the banking sector in Kuwait in 2012; there will be growth in the sector but only a moderate. Kuwaiti banks have been affected by the crisis and they are slowly getting back on the old tracks. An example of this could be Burgan Bank which reduced its cost of credit by 72% last year.
Burgan Bank: Restoring Profitability and Growing in the Region
Burgan Bank’s normalized operating margin in 2011 grew 15%, several times the expansion of the GDP. Thus, the bank has been able to win some market share.
Investment Banking and Asset Management in Kuwait: Focus on Core Business
The investment banks, asset managers and investment companies in Kuwait have been hit by the 2008 global financial crisis.