Press release
Retail Banking Market in United Arab Emirates (UAE) - Coronavirus (COVID-19) Sector Impact
Retail Banking Market
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Summary
The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020.
Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with most countries around the world registering declines in their economic growth for the year to date. Many economists and institutions have cut their forecasts as a number of countries have already officially slipped into recession.
The ongoing pandemic has affected the UAE’s economy, resulting in a fall in tourism and in the domestic consumption of goods and services. According to the central bank, the country’s economy shrank by 1% year on year in Q1 2020, and expects a contraction of 3.6% for the full year. However, economic activity is expected to recover in the second half of the year, supported by government stimulus measures and a rise in consumer spending, with several lockdown restrictions now eased.
This report focuses on the impact of the Coronavirus outbreak on the economy and the retail banking industry in the UAE. Based on our proprietary datasets, the snap shot provides a detailed comparison between pre-COVID-19 forecasts and revised forecasts of total mortgage, consumer, credit card loan balances as well as deposit balances in terms of value and growth rates. It also offers information on measures taken by the government to combat Coronavirus.
Scope
- The UAE faces a dual economic shock from the impact of COVID-19 as well as the collapse of the oil price.
- During the course of March the benchmark Brent crude oil price roughly halved to $22 a barrel, and figures from the World Bank indicate that prices are not expected to normalize until 2022, when they are forecast to reach $45 per barrel.
- This will put significant strain on government income, further aggravating the impact of the ongoing disruptions to economic activity as a result of COVID-19. However, conservative underwriting and supportive government measures - including stimulus packages targeting retail consumers and SMEs - should help cushion the economy and the banking sector.
Reasons to Buy
- Make strategic decisions using top-level revised forecast data on the UAE's retail lending and deposit industry.
- Understand the key market trends, challenges, and opportunities in the UAE's retail lending and deposit industry.
- Receive a comprehensive insight into the total consumer loans in the UAE, including mortgages, personal and credit card loans as well as retail deposits balances.
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On what parameters study is being formulated?
- Analysis Tool: The Retail Banking in United Arab Emirates (UAE) - Coronavirus (COVID-19) Sector Impact Market Report contains accurate analysis and evaluation data for key industry players and market coverage using a number of analytical tools like data triangulation and iterative data estimation.
Demand Determinants Tapping top notch application that seeks high growth potentials.
-Key Strategic Developments: This Retail Banking in United Arab Emirates (UAE) - Coronavirus (COVID-19) Sector Impact study includes product/service developments of market, including R & D, new launches, M & A, JV & partnerships along with regional growth of leading giants in the market.
-Key Market Features: The study also provides a comprehensive study of key market dynamics and current trends, along with relevant market sectors and sub-sectors.
The Retail Banking in United Arab Emirates (UAE) - Coronavirus (COVID-19) Sector Impact study includes data from 2014 to 2025 useful for industry executives, marketing, sales and product managers, analysts, and anyone looking for market data in easily accessible document.
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Some extract from Table of Contents
• Overview of Retail Banking in United Arab Emirates (UAE) - Coronavirus (COVID-19) Sector Impact Market
• Retail Banking in United Arab Emirates (UAE) - Coronavirus (COVID-19) Sector Impact Size (Sales Volume) Comparison by Type (2019-2025)
• Retail Banking in United Arab Emirates (UAE) - Coronavirus (COVID-19) Sector Impact Size (Consumption) and Market Share Comparison by Application (2019-2025)
• Retail Banking in United Arab Emirates (UAE) - Coronavirus (COVID-19) Sector Impact Size (Value) Comparison by Region (2019-2025)
• Retail Banking in United Arab Emirates (UAE) - Coronavirus (COVID-19) Sector Impact Sales, Revenue and Growth Rate (2019-2025)
• Retail Banking in United Arab Emirates (UAE) - Coronavirus (COVID-19) Sector Impact Competitive Situation and Trends
• Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
• Analyze competitors, including all important parameters of Retail Banking in United Arab Emirates (UAE) - Coronavirus (COVID-19) Sector Impact
• Retail Banking in United Arab Emirates (UAE) - Coronavirus (COVID-19) Sector Impact Manufacturing Cost Analysis
• Marketing Strategy Analysis, Research Conclusions
Check complete table of contents with list of table and figures @ https://www.htfmarketreport.com/reports/2750227-retail-banking-in-united-arab-emirates
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About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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