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Sunday, 23 April 2017

UAE’s banks on the brink of revival, first-quarter results show | The National

UAE’s banks on the brink of revival, first-quarter results show | The National:

"UAE banks maybe on the cusp of revival amid cost cutting and higher interest rates – if the first batch of first-quarter results are anything to go by. Among the big banks to report over the past week both the National Bank of Abu Dhabi and Emirates NBD, the country’s two biggest lenders, posted earnings that also showed an improvement in non-performing loans, a sign that the debt crisis that plagued small and medium-sized enterprises in the wake of the oil price crash are subsiding. "System liquidity is improving and concerns with SME credit quality have eased," said Sanyalaksna Manibhandu, the head of research at NBAD Securities."



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