Kuwait Business: Global banking CEOs optimistic of sector growth: KPMG – Gulf Digital News

Kuwait Business: Global banking CEOs optimistic of sector growth: KPMG – Gulf Digital News

Global banking CEOs are optimistic and are predicting growth in the coming years, foreseeing an innovation-based approach in the sector that will sustain this growth, said professional services firm KPMG in a new report.



In its annual Global CEO Outlook report, where about 135 bank CEOs were surveyed, KPMG discovered a surging optimism fuelled by an innovation-based approach and innate commitment to organizational purpose.



Drawing from the perspectives of the CEOs, the Global Banking CEO Outlook report points out that the boardroom has been consistently confident despite the changes brought upon by the pandemic. There is an increasing belief that instilling the right culture, value and employee engagement is as crucial as, if not more, driving financial performance.



According to the report, bank CEOs will be looking to mitigate top threats in cybersecurity and tax risk while also adopting inorganic strategies and embedding purpose into the very core of their being to ensure that they are on the growth path.



Speaking about the banking sector in Kuwait, Bhavesh Gandhi, Partner and Head of Financial Services, KPMG in Kuwait said, “After two years of slow growth in the banking sector, owing to the Covid-19 pandemic