Table of Contents
Executive Summary — 5 Table: Levels, At December 31
(IRRbn) — 5 Table: Levels, At December 31
(US$bn) — 5 Table: Levels At December 31
2007 — 5 Table: Average Annual Growth Rate Projections,
2008-2013 (%) — 5 Table: Ranking Out Of 59 Countries
Reviewed In Q208 — 6 Table: Projected Levels
(IRRbn) — 6 Table: Projected Levels
(US$bn) — 6 Key Issues — 7 Iran
Commercial Banking SWOT — 9 Iran Political
SWOT — 9 Iran Economic SWOT — 10 Iran
Business Environment SWOT — 10 Changes To The Commercial
Banking Report — 11 The Global Financial Crisis –
Continued — 11 Table: Selected European Countries –
Projected Budget And Current Account, 2008 (as % of
GDP) — 13 New Information From
2Q09 — 16 Islamic Finance – Quo
Vadis? — 17 Introduction — 17 (Some)
Hard Numbers — 17 Some More Hard
Numbers — 19 Under-Recognised
Challenges — 21 The Global Financial
Crisis — 22 What Really Matters: Indicators To Watch In
2009 — 23 Conclusion — 25 Commercial
Banking Business Environment Rating — 27 Table:
Iran’s Commercial Banking Business Environment
Ratings — 27 Table: Middle East And Africa Commercial
Banking Business Environment Ratings — 29 Bank
Lending — 30 Lending Overview — 30
Table: Lending Overview (IRRbn) — 30 Total Assets, Client
Loans And Client Deposits — 31 Table: Comparison Of Total
Assets, Client Loans And Client Deposits (US$bn) — 31
Per-Capita Deposits — 32 Table: Comparison Of Per-Capita
Deposits, Late 2007 (US$) — 32 Country
Update — 33 Macroeconomic Trends And
Developments — 33 Table: Iran – Economic
Activity — 35 Political Outlook — 36
Industry Forecast Scenario — 42 Table: Average Annual
Growth Rate Projections, 2008-2013 (%) — 42 Table:
Projected Levels (IRRbn) — 42 Table: Projected Levels
(US$bn) — 42 Comment On Developments Over
2007 — 42 Comment On Forecasts — 43
Comment On Trends and Ratios — 44 Table: Comparison Of
Loan/Deposit, Loan/Asset And Loan/GDP Ratios, Late 2007/Early
2008 — 44 Banks’ Bond
Portfolios — 47 Table: Bond Portfolios, Late
2007 — 47 Competitive Landscape And
Protagonists — 49 Methodology — 51
Basis Of Projections — 52 Commercial Bank Business
Environment Rating — 52 Table: Commercial Banking Business
Environment Indicators And Rationale — 54 Table: Weighting
Of Indicators — 55
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