VOL. XLVI

No 40

06-October-2003

RATINGS

Gulf Banks Powered By Retail Thrust, Says S&P

The growth of the Gulf banking sector in recent years has been driven primarily by the retail sector which has developed since the early 1990s to rival corporate business as the mainstay of business banks business, according to a report published by ratings agency Standard & Poors (S&P). The report Gulf Banking Powered By Retail Thrust notes that the shift has brought particular success to those...