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Tuesday, 18 April 2017

UAE banking sector on its way to recovery, report says | The National

UAE banking sector on its way to recovery, report says | The National:

"While UAE banks’ profitability has been dented in recent years because of low oil prices, the industry remains in better shape overall than its global peers, according to a report on the UAE banking industry by the global consultants Alvarez & Marsal.

The consultancy also said in its inaugural report on the country’s banking sector that there are increasing signs of recovery following several dismal years amid a rise in bad debts and lacklustre lending growth.


The report, which is to be published on a quarterly basis, also said the biggest banks in the UAE, which have the most diversified portfolios of loans and have operations abroad, have fared the best."



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