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Evaluating Mergers as a Tool to Strengthen and Modernize the Palestinian Banking System: An Analytical Study of Palestinian Local Banks 2010-2017

Evaluating Mergers as a Tool to Strengthen and Modernize the Palestinian Banking System: An Analytical Study of Palestinian Local Banks 2010-2017
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Author(s): Azmi Wasfi Awad (Palestine Technical University, Palestine), Bahaa Subhi Awwad (Palestine Technical University, Palestine) and Abdel-Aziz Ahmad Sharabati (Middle East University, Jordan)
Copyright: 2021
Pages: 21
Source title: Innovative Strategies for Implementing FinTech in Banking
Source Author(s)/Editor(s): Yousif Abdullatif Albastaki (Ahlia University, Bahrain), Anjum Razzaque (Ahlia University, Bahrain) and Adel M. Sarea (Ahlia University, Bahrain)
DOI: 10.4018/978-1-7998-3257-7.ch013

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Abstract

The study aims at evaluating the banking mergers as a tool to strengthen and modernize the Palestinian banking system by focusing on the national banks listed on the Palestine Stock Exchange using the descriptive-analytical approach as well as the inductive and deductive approaches. The study concludes that the circulars issued by the Palestine Monetary Authority mainly those which relate to the raising of the minimum capital of local banks, have a positive role, and were the main motivation towards these mergers. The mergers that took place in the Palestinian banking sector have resulted in a significant improvement in data and financial indicators as well as the competitiveness of domestic merged banks and reflected positively on the national economy. The study recommends the need to redouble the efforts of the Palestine Monetary Authority by using literary persuasion at certain times, and through the development of laws and regulations that encourage and stimulate mergers to create stronger banking entities that are capable of facing the challenges of competition and financial crises, and other banking risks, at other times. Moreover, national banks and large-scale expatriates must play a more active role in the process of economic development and work to maximize their economic role and expand the value of productive projects that require large funding through granting syndicated loans and establishing joint ventures.

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