Bahrain’s retail banking rebounds in asset quality and profits | GulfNews.com

Bahrain’s retail banking rebounds in asset quality and profits | GulfNews.com:



"Solid funding, high liquidity and capital positions supported by increased government spending is expected to shore up the asset quality and profitability of Bahrain’s retail banking sector, according to analysts from rating agency Moody’s.



The rating agency has recently changed its outlook on Bahrain’s retail banking system to stable from negative. This reflects banks’ solid funding base and capital buffers, and an economic recovery driven by increased government spending and construction activity that will support banks’ profitability and asset quality.



“We have changed our outlook on Bahrain’s retail banking system to stable from negative. The outlook change reflects the banks’ solid funding, liquidity and capital positions, in addition to our expectation of further economic recovery, fuelled by increased government spending, which will shore-up banks’ profitability and asset quality,” said Khalid Howladar, Vice President-Senior Credit Officer at Moody’s."



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