GCC Banks to Weaken Despite Hundreds of Billions of Dollars of Stimulus - Fitch Research

GCC Banks to Weaken Despite Hundreds of Billions of Dollars of Stimulus

GCC Banks to Weaken Despite Hundreds of Billions of Dollars of Stimulus - Fitch Research
GCC Banks to Weaken Despite Hundreds of Billions of Dollars of Stimulus
Published Apr 29, 2020
5 pages (4161 words) — Published Apr 29, 2020
Price US$ 999.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Gulf Cooperation Council (GCC) countries have announced hefty support packages that dwarf any previous support in the region. The UAE announced USD77 billion (AED282 billion), Saudi Arabia USD56.5 billion (SAR211.9 billion), Qatar USD20.6 billion (QAR75 billion) in addition to government entities having been directed to increase investments in the domestic stock market by QAR10 billion (USD2.75 billion), Oman USD20.8 billion (OMR8 billion), Bahrain USD11.4 billion (BHD4.3 billion) and Kuwait USD16.5 billion (KWD5.1 billion), so a total of more than USD200 billion. The vast majority of the stimulus is through monetary and macro- prudential measures. This is over 25% of GDP for Bahrain and Oman, over 15% for the UAE, over 10% for Qatar and Kuwait and 7% for Saudi Arabia. Central banks' cuts in interest rates accompanied by the support packages should support borrowers' affordability and should help the sectors most hit by the coronavirus to navigate short-term uncertainties, particularly...

  
Report Type:

Special Report

Company(ies)
MashreqBank psc , Bank of Sharjah P.J.S.C. , Gulf Bank KSCP , National Bank of Kuwait SAKP , Commercial Bank of Kuwait KPSC , Saudi Awwal Bank , Burgan Bank S.A.K. , Ahli United Bank K.S.C.P. , Arab National Bank , Gulf International Bank B.S.C. , Riyad Bank SJSC , Al Rajhi Bank , Samba Financial Group SJSC , Ahli Bank Q.P.S.C. , Bank Muscat SAOG , Saudi National Bank , Abu Dhabi Islamic Bank PJSC , United Arab Bank PJSC , The National Bank of Ras Al Khaimah (P.S.C.). , First Abu Dhabi Bank PJSC
Issuer
WARBA Bank K.S.C.P.
Format:
PDF Adobe Acrobat
Buy Now

Fitch Research—Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.

About the Author


Cite this Report

  
MLA:
Fitch Research. "GCC Banks to Weaken Despite Hundreds of Billions of Dollars of Stimulus" Apr 29, 2020. Alacra Store. May 15, 2025. <http://www.alacrastore.com/fitch-credit-research/GCC-Banks-to-Weaken-Despite-Hundreds-of-Billions-of-Dollars-of-Stimulus-RPT_10119533>
  
APA:
Fitch Research. (2020). GCC Banks to Weaken Despite Hundreds of Billions of Dollars of Stimulus Apr 29, 2020. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/fitch-credit-research/GCC-Banks-to-Weaken-Despite-Hundreds-of-Billions-of-Dollars-of-Stimulus-RPT_10119533>
  
US$ 999.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.