Competition in the GCC SME Lending Markets : An Initial Assessment
The countries of the Gulf Cooperation Council (GCC) have articulated a vision for sustainable economic development that highlights the need to diversify the productive base to reduce dependence on the hydrocarbon sector and create more employment o...
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| Format: | Working Paper |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/219781478855303337/Competition-in-the-GCC-SME-lending-markets-an-initial-assessment http://hdl.handle.net/10986/25404 |
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okr-10986-254042021-05-25T08:55:18Z Competition in the GCC SME Lending Markets : An Initial Assessment World Bank Group SME development microfinance small and medium-sized enterprises banking sector business environment competition law Gulf Cooperation Council GCC The countries of the Gulf Cooperation Council (GCC) have articulated a vision for sustainable economic development that highlights the need to diversify the productive base to reduce dependence on the hydrocarbon sector and create more employment opportunities for their young and growing population. This report analyzes how some key rules and regulations as well as institutional arrangements for the enforcement of competition law in the GCC may affect competition in the Small and medium enterprise (SME) lending markets. The findings of this report have several policy implications. This report identifies a number of areas where relevant regulations and institutional frameworks may impede competition in GCC SME lending markets, and require further investigation. Specific topics explored in this study include (i) restrictions to competition resulting from banking sector rules and regulations; (ii) the exercise of discretion by relevant institutions; and (iii) the role of institutional arrangements for the enforcement of competition law prohibitions and merger control. This assessment of the competition in the GCC’s SME lending markets proceeds as follows: Chapter 2 presents the SME banking markets in the GCC by discussing the number and ownership patterns of banks, and evaluating measures of concentration and market power. Chapter 3 presents the results of an initial screening of selected areas of regulatory intervention that affect SME lending markets. Chapter 4 evaluates the effectiveness of competition laws in the GCC countries. Chapter 5 concludes by highlighting areas where further analytical work may be warranted. 2016-11-21T23:34:42Z 2016-11-21T23:34:42Z 2016 Working Paper http://documents.worldbank.org/curated/en/219781478855303337/Competition-in-the-GCC-SME-lending-markets-an-initial-assessment http://hdl.handle.net/10986/25404 English en_US GCC Knowledge Series; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Middle East and North Africa Middle East |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
SME development microfinance small and medium-sized enterprises banking sector business environment competition law Gulf Cooperation Council GCC |
| spellingShingle |
SME development microfinance small and medium-sized enterprises banking sector business environment competition law Gulf Cooperation Council GCC World Bank Group Competition in the GCC SME Lending Markets : An Initial Assessment |
| geographic_facet |
Middle East and North Africa Middle East |
| relation |
GCC Knowledge Series; |
| description |
The countries of the Gulf Cooperation
Council (GCC) have articulated a vision for sustainable
economic development that highlights the need to diversify
the productive base to reduce dependence on the hydrocarbon
sector and create more employment opportunities for their
young and growing population. This report analyzes how some
key rules and regulations as well as institutional
arrangements for the enforcement of competition law in the
GCC may affect competition in the Small and medium
enterprise (SME) lending markets. The findings of this
report have several policy implications. This report
identifies a number of areas where relevant regulations and
institutional frameworks may impede competition in GCC SME
lending markets, and require further investigation. Specific
topics explored in this study include (i) restrictions to
competition resulting from banking sector rules and
regulations; (ii) the exercise of discretion by relevant
institutions; and (iii) the role of institutional
arrangements for the enforcement of competition law
prohibitions and merger control. This assessment of the
competition in the GCC’s SME lending markets proceeds as
follows: Chapter 2 presents the SME banking markets in the
GCC by discussing the number and ownership patterns of
banks, and evaluating measures of concentration and market
power. Chapter 3 presents the results of an initial
screening of selected areas of regulatory intervention that
affect SME lending markets. Chapter 4 evaluates the
effectiveness of competition laws in the GCC countries.
Chapter 5 concludes by highlighting areas where further
analytical work may be warranted. |
| format |
Working Paper |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Competition in the GCC SME Lending Markets : An Initial Assessment |
| title_short |
Competition in the GCC SME Lending Markets : An Initial Assessment |
| title_full |
Competition in the GCC SME Lending Markets : An Initial Assessment |
| title_fullStr |
Competition in the GCC SME Lending Markets : An Initial Assessment |
| title_full_unstemmed |
Competition in the GCC SME Lending Markets : An Initial Assessment |
| title_sort |
competition in the gcc sme lending markets : an initial assessment |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/219781478855303337/Competition-in-the-GCC-SME-lending-markets-an-initial-assessment http://hdl.handle.net/10986/25404 |
| _version_ |
1764459537731944448 |