GCC banks to prove resilient in 2024 with UAE, Saudi banking systems leading: S&P Global

S&P Global‘s ‘GCC Banking Sector Outlook 2024’ reveals a challenging yet optimistic perspective. Despite geopolitical uncertainties and potential economic headwinds, S&P expects GCC banks to maintain their well-capitalised, profitable, and liquid status. S&P Global anticipates overall stability in key metrics for GCC banks in 2024. Credit growth and profitability are…