The UAE's banking sector is set to underperform its regional peers over the next 18 months as concerns about a weak real estate market and Dubai's debt overhang will continue to weigh, Business Monitor International has said.
The sector will remain on its slow road to recovery heading into 2012 but concerns will constrain a more pronounced improvement in banks' balance sheets, analysts said in a new report.
They also noted that lending activity levels in the UAE were also well behind that in Saudi Arabia and Qatar.
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