.jpg?20250423')
Mergers and acquisitions among Islamic banks in the GCC are expected to increase in the short to medium term as lenders seek competitive advantages to tap growth opportunities and build low-cost deposits, according to Fitch Ratings.
“The region is over-banked, and therefore we expect consolidation to continue in all countries,” Redmond Ramsdale, head of Middle East Bank Ratings and Islamic Banking at Fitch Ratings, told Zawya .
&uuid=(email))