Continuing its valuable partnership with Kuwait Banking Association (KBA), which resulted in many successful events related to the financial industry, Kuwait Financial Centre “Markaz” will hold another seminar titled “Kuwait Banking in 2018 and Beyond” on 9 July 2018 at Kuwait Chamber of Commerce and Industry. The seminar will be presented by Mr. M. R. Raghu, EVP and Head of Research at Markaz and MD of Marmore MENA Intelligence. It attracts a number of reputable representatives of local and international banks.
Mr. Raghu stated, “Banks in Kuwait are expected to witness strengthening of their financial profiles and performance in 2018, after two years of significant pressure on account of fiscal deficit triggered by low oil price environment. As the macroeconomic scenario improves with new regulations in place, change in consumer behavior and demographics, M&A could be a key source of value addition both at operational and strategic level. The financial technology (Fintech) revolution that is sweeping across the banking and financial services industry across the world is likely to have an impact on the retail banking business in the country.”
The seminar will highlight a number of crucial matters derived from Marmore’s report on “The Kuwait banking industry outlook”. It will shed light on the major developments that are taking place in the industry and how they will shape the outlook of Kuwait banking industry in 2018 and beyond. Some of the key topics that this report discusses include merger and acquisition trends, impact of Fintech, U.S fed rate hikes, non-performing loans and liquidity in the banking industry in Kuwait and the implementation of IFRS 9 (International Financial Reporting Standards)