Demographics & Kuwait Banking

Executive Summary

What is this report about?
Kuwait banking sector has faced many challenges and continues to face them as we write this report. However, the usual narrative in the public and private domain focusses mainly on oil prices, interest rates and geo-political risks. While they are important factors affecting the fortunes of Kuwait banking in the short-term to medium-term, mega trends like demographics will also affect product ideas and uptake. The report highlights some of the prominent demographics factors that are at play in Kuwait and how it impacts banking industry.

Who will benefit and why?
The report will benefit anyone tracking the Kuwait banking industry, and its many players; especially banks, regulators and government agencies, investment bankers and economists. This report would help these entities to gain in-depth understanding about the industry.

How exhaustive is this report?
We have analyzed the important factors affecting the fortunes of Kuwait banking in the short-term to medium-term; mega trends like demographics will also affect product ideas and uptake. The report also examines how along with changing demographics, the banking industry is also facing a fast-paced evolution in the technology and customer behavior, making its current operating business models less effective. New banking business models will be needed to serve both the aging, and increasingly tech savvy youth demographic. Finally, we enumerate the trends that will allow banks to better understand the changes and adjust their allocation of capital and resources accordingly to appeal to their target audiences.