RIYADH: Gulf Cooperation Council banks aim to diversify their business models and enhance profitability by entering high-growth markets such as Turkiye, Egypt and India, a new report has revealed.
Fitch Ratings noted that this growing interest was due to favorable economic conditions and attractive growth opportunities in these countries.
Notably, the appetite for expansion in Turkiye has increased following macroeconomic policy shifts, while interest in Egypt is fueled by enhanced stability and privatization opportunities.