This report analyzes the Middle Eastern and African retail banking sectors from a comparative perspective, highlighting key similarities and differences across markets within the region. The largest banks in each market are discussed alongside macroeconomic forecasts, giving a feel for the composition of a given country's economy and retail banking sector. The report also examines product holding across key banking, insurance, and investment products.
Turkiye and Nigeria have struggled with high and rising inflation in recent years. The publisher forecasts suggest inflation peaked in these countries in 2022, but it will remain high by global standards. The Turkish retail deposits market was less concentrated in 2021 than in 2016 as a result of an organic reduction in the market shares of the five largest providers. Meanwhile, Saudi Arabia's mortgage market has become significantly more concentrated since 2016, largely as a result of Al Rajhi Bank increasing its market share.
Turkiye and Nigeria have struggled with high and rising inflation in recent years. The publisher forecasts suggest inflation peaked in these countries in 2022, but it will remain high by global standards. The Turkish retail deposits market was less concentrated in 2021 than in 2016 as a result of an organic reduction in the market shares of the five largest providers. Meanwhile, Saudi Arabia's mortgage market has become significantly more concentrated since 2016, largely as a result of Al Rajhi Bank increasing its market share.
Scope
- South Africa's residential mortgage space is extremely concentrated. The top five providers account for almost 100% of the market
- The level of current account ownership in Turkiye and Nigeria is low, sitting at 70% and 63% respectively
- Cryptocurrencies are the most popular investment product in the Middle East and Africa
Reasons to Buy
- Keep up to date with the macroeconomic trends impacting the retail banking sector in the Middle East and Africa
- Understand where the best opportunities exist by comparing countries based on factors ranging from average net interest margin to market concentration
- Develop an understanding of the differences between consumer research methods, average tenure, and channel usage across different Asia-Pacific countries.
Table of Contents
- Executive Summary
- Key Data Points
- Macroeconomic Outlook
- GDP by country
- Inflation rate by country
- Unemployment rate by country
- Balance Sheets
- Retail Deposits and Residential Mortgages
- Market concentration
- Retail deposits balances
- Residential mortgage balances outstanding
- Consumer Credit
- Credit card balances outstanding
- Personal loans balances outstanding
- Consumer Survey Data
- Channel usage by country
- Average customer tenure by country
- Customer research methods by country
- Investment product ownership by country
- Current account product ownership by country
- Credit product ownership by country
- Insurance product ownership by country
- Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Saudi National Bank
- Al Rajhi Bank
- Emirates NBD
- Riyad Bank
- Ziraat Bankasi
- Alinma Bank
- Banque Saudi Fransi
- HSBC
- Dubai Islamic Bank
- Abu Dhabi Bank
- Arab National Bank
- First National Bank
