Loan growth and bad loans are the key words as the banking sector continues on the road to recovery. For now, damage limitation will suffice, with setbacks kept in check and better times ahead, Asa Fitch reports
Banks in the UAE face another tough year, despite faster loan growth and progress in putting the pain of past defaults behind them.
Only one of the country's big banks, National Bank of Abu Dhabi (NBAD), has reported its first-quarter results so far. Last week, the lender revealed a 10 per cent decline in profits compared with the same period last year.
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