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Sunday, 29 January 2017

GCC bank profits expected to improve in 2017 | GulfNews.com

GCC bank profits expected to improve in 2017 | GulfNews.com:

"Profitability of Gulf Cooperation Council (GCC) banks are expected to improve this year after going through a slowdown last year according to banking industry analysts and rating agencies.
“Earnings in GCC may show a growth of 5.9 per cent 2017 after a slight compression in 2016 of 3 per cent, with return on equity (RoE) stabilising at 13.1 per cent,” said Jaap Meijer, Director of Research at Arqaam Capital.
Although the operating environment for banks in the region remains challenging, the banking sector is expected to benefit from oil price stabilisation."



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