Gulf lenders expand while others retreat - FT.com:
"Banking marches to a different tune in the Arab world. While lenders from Europe and the US have spent the post-crisis years retreating to their home markets, Gulf banks have been blazing an expansionary trail across north Africa and Asia. And they show no signs of stopping, in spite of weak oil prices and ongoing political turmoil.
“The Gulf banks are generally well-capitalised, but in many cases operate in relatively small undiversified economies,” says Raj Madha, a Dubai-based research analyst at Deutsche Bank. “Consequently, particularly for the larger banks, they feel a need to explore beyond their borders.”
The banks are not shy about talking up their ambitions."
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