Published 10 December, 2008
Within the next few weeks, the long-term impact on Gulf banks of turmoil in global financial markets and the recent decline in oil prices will start to become apparent.
So far, the region’s banks have, with a few exceptions, been able to shrug off the effects of the asset writedowns that have caused such havoc in western financial markets.
Published 4 January, 2009
Dubai: The UAE's banks have the highest exposure to the real estate sector among its regional peers and it has cast doubts on the asset quality of many banks, according to analysts.
While banks in Kuwait and the UAE have the highest exposure to the real estate sector, Saudi Arabia's banking sector has the least real estate exposure, at just 7.5 per cent of total loans according to a recent report from Credit Suisse.
http://www.gulfnews.com/business/Banking_and_Finance/10272597.html
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