UAE banks poised for strong H2 performance | GulfNews.com:
"Financial results of UAE banks in the second quarter of this year point to improving profitability, modest balance sheet growth, margin expansion and improving costs, according to banking sector analysts.
While the underlying trend of a turnaround in growth and profitability is in its early stages, analysts say these are sustainable.
“The UAE banks generally reported good second-quarter results, driven by improving credit environment and some margin expansion, with Dubai banks showing relatively better balance-sheet growth than Abu Dhabi banks. We expect earnings to further improve in the second half of 2017 supported by increased credit appetite, [a] consistent decline in credit costs and [a] June rate hike,” Jaap Meijer, head of Equity Research at Arqaam Capital.
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