These are good times for UAE bankers as quarterly earnings hold up at the country's major lenders, despite the euro-zone crisis, the stuttering recovery in the United States and the slowdown of economic growth in China.
"Overall, the UAE banks have reported better than expected results [during the second quarter]," says Naresh Bilandani, a banking analyst at JPMorgan in Dubai.
Higher revenues, in particular fees from corporate customers, are the main driver. But dig below the positive top line and differences emerge.
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