UAE banks benefit as confidence rises | The National

UAE banks benefit as confidence rises | The National:

"UAE banks are preparing to report another set of improved results this month as a rise in business confidence and soaring housing prices pushed loan growth higher and reduced bad loan provisions.

Deposits are also rising as the growing economy puts more money into people’s wallets.

Investors are also anticipating announcements of higher dividend yields on the back of better than expected profit for the fourth quarter of 2013.

While the holders of bank stock may not be disappointed, analysts said that the banks would probably keep some money on the table to fund expansion plans."

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