Kuwait Commercial Banking Report Q3 2009

Executive Summary .........................5
Table: Latest Actual Data (KWDbn)................. 5
Table: Latest Actual Data (US$bn)................... 5
Table: Latest Key Indicators At January 2009....................................... 5
Table: Annual Growth Rate Projections, 2009-2013 (%) ...................... 6
Table: Ranking Out Of 59 Countries Reviewed In 2009 ........................ 6
Table: Projected Levels (KWDbn) .................... 6
Table: Projected Levels (US$bn) ...................... 6
Overview Of Kuwait’s Commercial Banking Sector ...........7
SWOT Analysis.................................8
Kuwait Commercial Banking SWOT................. 8
Kuwait Political SWOT..................................... 9
Kuwait Economic SWOT................................. 10
Kuwait Business Environment SWOT ............. 11
Commercial Banking Business Environment Rating.......12
Table: Commercial Banking Business Environment Ratings ................ 12
Commercial Banking Business Environment Rating................................. 12
Commercial Banking Business Environment Rating Methodology ....... 15
Table: Middle East And Africa Commercial Banking Business Environment Ratings ............... 16
Economic Analysis – Global Banking Sector Outlook.....17
Table: Client Loans, 2007-2013 (% Change y-o-y) ............................. 17
Table: Loan-Deposit Ratio, 2007-2013........... 19
Regional Outlook............................21
Middle East And North Africa Banking Outlook....................................... 21
Table: Comparison Of Loan/Deposit, Loan/Asset And Loan/GDP Ratios, 2009 ....................... 26
Table: Anticipated Developments in 2009 ...... 27
Table: Comparison Of Total Assets, Client Loans And Client Deposits (US$bn) ...................... 28
Table: Comparison Of Per Capita Deposits, Late 2008 (US$) ............. 29
Table: Interbank Rates And Bond Yields ........ 30
Commercial Bank Sector Outlook ......................................31
Macroeconomic Activity ................................. 32
Table: Kuwait – Economic Activity................. 34
Balance Of Payments...................................... 34
Table: Kuwait – Balance of Payments ............ 37
Monetary Policy......... 37
Table: Kuwait – Monetary Policy ................... 39
Islamic Banking – Not Escaping The Crisis ......................40
Market Structure.............................47
Protagonists............... 47
Table: Protagonists In Kuwait’s Commercial Banking Sector............. 47
Definition Of The Commercial Banking Universe................................ 48
List Of Banks ............. 48
Table: Conventional Banks............................. 48
Table: Islamic Banks ...................................... 48
Company Profiles...........................49
NBK........................... 49
Table: Key Statistics For NBK, 2004-2009 (KWDmn)......................... 50
CBK........................... 51
Table: Key Statistics For CBK, 2004-2008 (KWDmn)......................... 52
Gulf Bank................... 53
Table: Key Statistics For Gulf Bank, 2004-Q308 (KWDmn)................ 54
ABK ........................... 55
Table: Key Statistics For ABK, 2004-2008 (KWDmn) ......................... 56
BKME........................ 57
Table: Key Statistics For BKME, 2004-2008 (KWDmn)...................... 57
Burgan Bank KSC...... 58
Table: Key Statistics For Burgan Bank KSC, 2004-2008 (KWDmn) .... 59
IBK KSC .................... 60
Table: Key Statistics For IBK KSC, 2006-07 (KWDmn)...................... 60
Methodology...................................61
Basis Of Projections ....................................... 62
Commercial Bank Business Environment Rating................................. 62
Table: Commercial Banking Business Environment Indicators And Rationale.......................... 63
Table: Weighting Of Indicators ...................... 64