Profits at the UAE's biggest banks are expected to come under pressure as they struggle to comply with new Central Bankregulations taking effect next year.
Concerns around the financial sector have grown after banks failed to meet a deadline last month to implement a controversial Central Bank ceiling on lending to government companies.
But a new report from Arqaam Capital says separate liquidity regulations, intended to prepare banks for the strict new banking rules known as Basel III, will also weigh on earnings.
No comments:
Post a Comment