Banking sector looks more optimistic and the provision cycle seen peaked | GulfNews.com:
"Increased interest in Islamic banking and rising investment in banking technologies will be key trends in the UAE’s banking industry this year according to the annual report of UAE Banks Federation (UBF)
“Islamic trade finance could provide new opportunities and become the preferred choice for emerging rapid growth markets (RGMs). Technology has been identified as a key sector for investment by the UAE government as part of its diversification and development strategy, and it is driving much change in the banking sector,” the report stated.
According to market research 76 per cent of bank customers in the UAE registered for online banking between December 2012 and May 2013, while 72 per cent used credit cards and 32 per cent used Islamic banking validating these two trends in the industry."
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