The paper examines the impact of oil and gas price shocks on bank performance in the major oil and gas exporting GCC countries, using data for the period 2000–2017. Results indicate that oil and gas price rises have a direct bearing on bank performance through the channel of price-induced bank deposits and related lending to business activities. The negative impact on bank performance due to a drop in oil and gas prices is greater than the positive effect of a rise in prices. Findings suggest that oil and gas price volatility has an asymmetric effect on conventional and Islamic banks. Conventional banks reap more benefit from the increased cash flow created by oil and gas prices, compared to Islamic banks. While Islamic banks are generally vulnerable to adverse oil and gas price shocks, conventional banks tend to benefit more from positive oil and gas price shocks. The association between oil and gas price shocks and bank performance in GCC has been distorted by the global financial crisis, the Arab Spring, and the ongoing Yemen War, which have lowered performance. The findings of the study have significant policy implications for the central banks as well as the governments in the oil and gas-exporting countries.

本文使用 2000-2017 年期间的数据，研究了石油和天然气价格冲击对海湾合作委员会主要石油和天然气出口国银行业绩的影响。结果表明，石油和天然气价格的上涨通过价格诱导的银行存款和相关的商业活动贷款渠道对银行业绩产生直接影响。石油和天然气价格下跌对银行业绩的负面影响大于价格上涨的正面影响。调查结果表明，石油和天然气价格波动对传统银行和伊斯兰银行具有不对称影响。与伊斯兰银行相比，传统银行从石油和天然气价格增加的现金流中获益更多。虽然伊斯兰银行通常容易受到不利的石油和天然气价格冲击，传统银行往往从积极的石油和天然气价格冲击中获益更多。全球金融危机，阿拉伯之春和持续的也门战争（也门战争）降低了石油和天然气价格冲击与海湾合作委员会（GCC）银行绩效之间的联系。该研究的结果对中央银行以及石油和天然气出口国的政府具有重大的政策影响。