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GCC banks are currently in strong shape, and have over outperformed their global counterparts over the past several years. Yet remaining in good shape will require continued focus on strategy and operations – a new report from McKinsey & Company outlines seven priorities for the road ahead.
The financial sector in the Gulf Cooperation Council (GCC) has managed to outperform the global average on several financial metrics, according to the McKinsey & Company study, including on return on equity (by three or four percentage points), margins, and cost-to-asset ratios.
Looking ahead, the GCC banking sector is well…
