Three Gulf Arab banks have lost out in the bidding for a licence to operate in Libya, but bankers and analysts say such lenders will stay in the hunt as they look to offset slowed growth at home.
'In the UAE in particular, single-digit loan growth forces these banks to look outside their home market,' said a Dubai-based banking analyst.
'Banks in the UAE, Qatar and the Gulf in general are looking outside their home market in places like Syria and North African countries such as Libya.'"
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