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Thursday, 8 December 2016

GCC banks seen defying challenges to remain profitable | GulfNews.com

GCC banks seen defying challenges to remain profitable | GulfNews.com:
"GCC’s banking sector is expected to maintain strong profitability, asset quality and capital adequacy ratios in 2017 despite a challenging economic environment, according to rating agency Moody’s.
The operating environment in the region remains challenging but is expected to benefit from oil price stabilisation.
Economic growth is projected to remain positive with a gross domestic product (GDP) growth of 2 per cent next year, slightly above the 2016 level of 1.9 per cent."

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