Outlook stable for GCC banks despite fall in oil price, says Moody’s | The National

Outlook stable for GCC banks despite fall in oil price, says Moody’s | The National:



"Outlook for banks in the GCC will remain stable through to 2015 despite falling oil prices, Moody’s Investors Service said yesterday.



The ratings agency is expecting 10 per cent credit growth for the GCC banking sector for 2014-15, but growth will be more subdued compared to the boom of the past couple of years.



“More moderate credit growth isn’t a bad thing for the Gulf,” said Khalid Howladar, the vice president and senior credit officer at Moody’s."



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