To what degree can Gulf banks confront the Corona epidemic and the oil price shock?

The strong profitability capacity of banks in the Gulf Cooperation Council countries will help them overcome the shock related to the Corona virus and the decline in oil prices. Rated banks can absorb up to $36 billion before moving into the red. That is, approximately three times the normal loss rates of these banks. Looking at provisions, Kuwaiti banks have the strongest ability to withstand the increase in the cost of risk, while banks in Bahrain, Oman and the UAE are the most vulnerable.

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