Forecast: Number of Commercial Bank Branches in Middle East & North Africa

The number of commercial bank branches per hundred thousand adults in the Middle East & North Africa showcased variability from 2013 to 2023, starting at 12.1 in 2013 and reaching 12.97 in 2023. The year-on-year variations reveal both gains and declines, with notable growth in 2014 at 9.38% and a decrease in 2015 by 7.56%. The 5-year compound annual growth rate (CAGR) from 2019 to 2023 was slightly negative at -0.16%.

Future forecasts indicate modest growth, leveling out at approximately 13 branches per hundred thousand adults by 2028, with a forecasted 5-year CAGR of 0.03%. This stabilization suggests a relatively steady market without significant expansion or contraction.

Future trends to watch for:

• Technological advancements in banking and their impact on the need for physical branches.
• Regulatory changes affecting the banking sector in the MENA region.
• Economic factors and demographic shifts that could influence banking infrastructure needs.