writer specializing in economic affairs sees, that "the dream of owning a bank in one of the Arab countries" not impossible ", reviewing the circumstances of a number of countries in this sector.
He wrote, "Ahmed Ali", on Wednesday, a report published by the specialized sites of several, he wondered where "Have you ever imagined to become the owner of a bank?". replied, "Maybe the answer is yes, but mostly when you step inside the ground say that it is quite difficult to turn that dream into reality. Certainly you would be right, the matter is difficult, but certainly not impossible. "
writer says that "wealth starts mostly a dream not only cost you thinking about it. If you have the courage to unleash your dreams until you find one day have a seat in the business world, you can follow these steps, which will pass between the folds of the dream platform to identify the steps to owning a bank in the Arab world. "
Iraq: open market
and under the title: "Iraq: an open market," Ali wrote "You have to go a long way even accomplish the first step towards the establishment of an Iraqi bank, requiring you to provide up to $ 10 billion dinars ($ 8.4 million), according to Iraqi law.
" Market ready to issue more banking licenses, whether citizens or foreigners, it is sufficient that the number of operating banks in Iraq reached 49 banks "to talk to the director of the Islamic country's Bank for Investment and Finance, Iyad Salman. says Salman" after securing a license, you must form a board of directors comprising five members at least. Can then prosecute funding opportunities that the Iraqi market need, especially in the areas of industry and commerce. "He explains that the average traded interest Catalyst too, since starting from 7% up to 15%, depending on risk aversion.
Kuwait: Adult headquarters
may be Kuwait from more Arab markets rise in the cost of incorporation, amounting to 75 million dinars (248.9 million dollars) for the establishment of a local bank and 15 million dinars ($ 49.8 million) for the opening of a foreign branch. But you just have to contribute 5% of these Aloclav even play an active role in bank management, according to the curb the maximum contribution, according to Kuwaiti law.
According to reports, "MasterCard" and "Visa," Opportunities for tremendous growth, particularly in the personal banking services spending the rate of up to $ 6 million per month. includes the Kuwaiti market 10 banks, so far, most notably Kuwait National Ahli Gulf Finance House and Burgan and Boubyan.
Saudi Arabia: The head of a soft money
mostly, you'll be surprised when you know that Saudi banks control system only requires the payment of 2.5 million riyals ($ 666 thousand) as capital paid to establish a bank, but this figure does not fit well with the practice.
Former President of Global Investment House says Global - Saudi Arabia, the Saudi market includes 13 large banks up their dealings in the tens of billions of dollars, which means that the establishment of the Bank requires a capital of tens of hundreds of dollars, other than deposits.
He points out that those who wish to get on the establishment of a bank license, to wait for a long time ; because the Saudi Monetary Fund, which serves as the central bank, currently does not issue licenses. There is another path that can be resorted to to break into the field of banks, which is the acquisition of a bank, it will cost you mostly hundreds of millions of dollars.
All of these rules pertaining to Saudi citizens, but if you are a foreign investor, you should invest in a mutual fund, which can be purchased in turn share traded in the Saudi capital market banks.
Egypt: a promising growth
may be Egypt of investment destinations that interest you in one day, since the founding of the Bank requires 500 million pounds ($ 65.8 million) as capital paid. However, you have to wait until allow the central bank to issue new licenses, or to take a step acquisition of a bank when the opportunity arises among the 39 national banks and foreign.
"growth can not be identified opportunities," according to the expert banking Egyptian, Mohamed Badra, as listed package advantages, most notably that the return on equity up to 60% annually, and the number of dealers with the banks is limited to 10 million customers from among the 90 million people, or that there are tremendous growth opportunities. Finally, Badra believes that the cost of the purchase of banks operating in Egypt is expensive compared to the size of its assets. Perhaps one of the most prominent deals that Egypt has witnessed, during the past three years, the purchase of the National Bank of Dubai Emirates, BNP Paribas, in a deal worth $ 500 million in the bank.
Jordan: flexible incorporation
attractiveness Jordan lies in the low costs of establishing banks, because the law recognizes five million dinars ($ 7 million) as capital for the establishment, with a payment of 100 thousand other dinars ($ 141 thousand) when you get the final license to practice the activity.
These conditions apply equality of citizens and foreigners, what gives the advantage to the Jordanian market to receive investment banking, which is reflected in the arrival of a number of banks operating in the 36 banks, distributed among 26 national banks and 10 foreign banks, as released by the Jordanian Banking Association data. Among the most prominent areas of finance banking, industry and foreign imports, and personal loans.
Lebanon: the cost of exceptional
it is quite in Lebanon, at the level of Aloclav, according to the expert Lebanese banking, Nasser Saidi, the minimum capital for the establishment of the Bank of $ 100 million. However, the Central Bank of Lebanon closes the door to the granting of new licenses now, as a result of market saturation current which banks amounting to 72 commercial and investment banks. But this does not mean that all the doors completely closed, Saidi refers to that you can buy a bank. The analogy with the latest buy banks operations in 2014, the acquisition of Bank "Fransinc" process has reached a civil World Bank, about 102 million US dollars. And acquires foreign trade, real estate, industry and personal loans, the lion's share of Lebanese banks funds sectors, according to Saidi.
Algeria: a distinctive market
"when you find that of the 21 banks and 10 financial institutions in Algeria, there is no foreign facility, and foreign banks represent only the branches Only, if this is the market is open, especially against the Algerians, "the modern Algerian expert at the World Bank, Mohammed Hamidoush. This comes despite the contribution of foreign law to allow about 49% of the banks operating in Algeria. Hamidoush shows that there are eight applications from foreign banks, mostly European, to open branches in Algeria is still under study at the Central Bank, several years ago. Reflects the banking reality that capital establishing an Algerian bank is not large, it requires the provision of capital, $ 10 million of the bank, and $ 300 thousand for financial facility that limited activity on customer financing without being allowed to take deposits.
According to Hamidoush, there are several sectors receiving most of the funds of the Algerian banking system, notably services and foreign trade sector, 35%, and investment projects, specifically the food industry, by 25%.
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