The Impact of Covid-19 on the Financial Performance of Banking Sector Operating in GCC Countries

Mohammed Makni
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Mohammed Makni: Assistant professor- Finance and investment Dep College of Economics and Administrative Sciences, Imam Muhammad Ibn Saud Islamic University (IMSIU), Riyadh, Saudi Arabia

International Journal of Economics and Financial Research, 2022, vol. 8, issue 2, 50-57

Abstract: The Covid-19 pandemic has had a significant impact on the industries around the world, since the banking sector is one of the most important contributors to an economy, it has been selected for this research. The literature has limited studies associated with the performance of banks in the GCC countries during the pandemic using secondary quantitative data. The Gulf region which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates has been specified in the research to identify how the pandemic has affected the banking sector. The research was conducted on secondary quantitative data of 20 banks which has been analyzed using descriptive statistics and graphical analysis to look at the changes in profitability of the banks. The results indicate that the overall performance of banks has been affected as evidenced by lower ratios in terms of profitability, credibility, and financial leverage. Although, the ratios became steadily decreased just after the pandemic started. The topic has been covered for western countries or Islamic banks only using different methodologies, however, for GCC countries and secondary quantitative data of both Islamic and conventional banks, the studies are limited.

Keywords: Financial performance; Banking sector; Covid-19. (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:arp:ijefrr:2022:p:50-57

DOI: 10.32861/ijefr.82.50.57

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