Most banks in the Gulf are set for slow recovery because of "sluggish loan growth and difficult funding conditions," Standard & Poor's said on Tuesday.
The ratings agency said the financial profiles of most of the Gulf banks are expected to remain relatively stable or keep improving, but slowly because of listless loan growth and difficult funding conditions.
S&P noted in its report that most sovereigns and by extension banks in the GCC will continue to remain isolated from the political turmoil in other parts of the Middle East and North Africa.
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