Analysts predict record earnings on the horizon for UAE banks | The National:
"UAE banks are expected to end the year on a high note, with lending anticipated to pick up as the government boosts spending on infrastructure for Expo 2020, analysts said.
“Next year we should see a pick-up in loan growth because of Expo 2020 projects,” said Simon Kitchen, a strategist at the Cairo-based investment bank EFG Hermes. “You also have more restructuring of Dubai Inc debt, and that may be positive for provisioning levels decreasing towards the end of this year or next year.”
During the penultimate quarter business typically slows down in the UAE because of summer holidays and Ramadan."
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