Effects of the Financial Crisis on Banking Institutions in the ESCWA Region, 2006-2009 Skip to main content

Effects of the Financial Crisis on Banking Institutions in the ESCWA Region, 2006-2009

Symbol: 
E/ESCWA/EDGD/2011/WP.1
Issued in: 
2011

Banking operations worldwide have been affected by the global financial crisis, impairing credit growth and the efficient allocation of resources.

This study, which is divided into three parts, assesses the impact of the crisis on banking institutions in the ESCWA region. Part one offers a brief presentation of the pre-crisis position of the regional banking sector and sets out the varied financial and economic policy responses adopted in ESCWA member countries in an attempt to stabilize the financial sector. Part two provides an in-depth analysis of the performance of banking institutions between 2006 and 2009, while part three concludes the chapter by offering a number of policy recommendations.