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Analyst Opinions
United Arab Emirates (UAE) Retail Banking Competitor Benchmarking – Financial Performance, Customer Relationships and Satisfaction
United Arab Emirates (UAE) Retail Banking Market Report Overview Many banks have increased their net interest margins and reduced their cost-to-income ratios between 2021 and 2022. Although Emirates NBD leads across four key products (retail deposits residential mortgages, personal loans, and credit cards), GlobalData’s survey suggests that Abu Dhabi Commercial Bank (ADCB) owns the most current account relationships. The United Arab Emirates (UAE) Retail Banking Competitor Benchmarking report gives a comprehensive understanding of the retail banking market in the UAE....
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Sector Analysis
United Arab Emirates (UAE) Cards and Payments – Opportunities and Risks to 2026
United Arab Emirates (UAE) Cards and Payments Market Report Overview The UAE cards and payments market size was valued at $119.8 billion in 2022 and is expected to achieve a CAGR of more than 8% during 2022-2026. The payments landscape in the UAE is dominated by cash, which accounted for more than 64% of overall payment transaction volume in 2022e UAE Cards and Payments Market Outlook, 2022-2026 ($ Billion) To gain more information on the UAE cards and payments market...
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Company Profile
The National Bank of Ras Al-Khaimah (P.S.C.) – Company Profile
The National Bank of Ras Al-Khaimah (P.S.C.) (Rakbank) is a provider of banking and other related financial services, with prime focus on individual, commercial, corporate and institutional customers. Its portfolio of offerings under personal banking comprises of savings and current accounts, fixed deposits, overdrafts, auto and personal loans, farm loans, mortgage loans, debit and credit cards, life and non-life insurance, and saving plans. Under business banking, its offering consist of fund and non-fund-based overdrafts, checking account, business loans, corporate cards,...
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Sector Analysis
Payments in the UAE 2017: What Consumers Want
"Payments in the UAE 2017: What Consumers Want", report examines the consumer payments market in the UAE, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market. The UAE payments market is defined by a high reliance on cash among consumers, with cash accounting for 84.6% of the total payment transaction volume in 2017. This was primarily because consumers in the UAE...
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Sector Analysis
Retail Banking Country Snapshot: UAE
UAE has a well-diversified and sound financial system that plays an important role in the economy. The retail banking sector is rapidly growing due in part to the country’s increasing expatriate population. Product ownership rates are high, particularly for current and savings accounts. Emirati consumers retain a traditional attitude towards provider choice, favoring banks with which they have a prior relationship. Product application is still largely conducted via branches, meaning there is considerable scope for providers to encourage greater use of digital...
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Analyst Opinions
Retail Banking Country Snapshot: UAE 2016
The UAE is overbanked with around 49 players, making it a fragmented and highly competitive market. Penetration is high and consumers are well informed and sophisticated, but the large number of expats in the UAE (over 90% of the population) creates unique requirements. Reputation is key, and customers favor established providers and traditional structures. Although online channels are gaining ground, awareness of fintech and peer to peer (P2P) providers remains low, and partnerships with existing banks are the best way...
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Sector Analysis
Payments Landscape in the UAE: Opportunities and Risks to 2022
GlobalData’s "Payments Landscape in the UAE: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Emirati cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2014-18e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes...