S&P Global – North African And Eastern Mediterranean Banking Outlook

The report by S&P Global "North African And Eastern Mediterranean Banking Outlook" explores the improving economic conditions and their impact on banks in the region. The report highlights positive rating actions due to better economic and operating conditions in 2024. However, banks remain vulnerable to external shocks, reforms, and regional tensions. Despite declining interest rates impacting net interest income, improved lending growth and asset quality are expected to support banks' financial stability. The report forecasts varying levels of credit losses across countries and notes key rating actions, including upgrades for Jordanian and Tunisian banks due to macroeconomic improvements and positive outlooks for Egyptian banks.