Banks see an end to credit crisis

Banks in the UAE are emerging from a liquidity crisis and into a fresh credit cycle that will allow them to raise funds at “normalised” rates, according to Credit Suisse.

The prediction comes as some of the country’s largest lenders return to bond markets for the first time this year.

“It is already becoming easier for banks to raise money, for example through European or global medium-term notes like the one ADCB is planning. That was impossible six months ago, when these banks could not raise money,” said Mohammed Hawa, an analyst at Credit Suisse and author of a new report titled “Positioning for the next big thing.”