Dubai Leading bankers expect a significant increase in non-performing loans (NPLs) in the UAE this year with an expected increase in corporate restructuring.
Peter Baltussen, chief executive officer of Commercial Bank of Dubai, said: “Since we are still in the process of getting out of the economic crisis, NPLs will peak this year and might be doubled.”
He said that once the NPLs have peaked, the banking sector will witness a decline in bad loan provisions.
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