RIYADH: Saudi Arabia’s banking sector boomed in 2022 on the back of potent revenue growth and is set for further gains, according to the Boston Consulting Group. Analysis by the US-based firm reported the Kingdom’s banking profits after taxes have grown an average of 7.9 percent per year since 2016 – although there are huge variations within that time frame due to global
Bahrain’s retail banking revenues are expected to grow at a compound annual growth rate (CAGR) of 6.8% over the next five years to 2026, up 3.6% from 2016 to 2021, while the GCC economies will see a 8.8% CAGR growth within the same period, said a report.
Bahrain’s retail banking revenues are expected to grow at a compound annual growth rate (CAGR) of 6.8% over the next five years to 2026, up 3.6% from 2016 to 2021, while the GCC economies will see a 8.8% CAGR growth within the same period, said a report.