The change in risk appetite in the market has given rise to new trends in big corporate and project financing, according to leading bankers in the UAE.
With the cost of funds increasing, banks are forced to raise their price commensurate with the market, but reputed borrowers do not want this to reflect fully in the margins the banks charge.
"This is the reason why the banks are resorting to charging a high fee over and above the margin," said a banker.
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