GCC banking sector outlook stable despite oil decline | GulfNews.com:
" The performance of the banking sector in terms of loan growth, asset quality and profitability are expected to remain resilient in 2016 amid deteriorating operating environment leading to tightening liquidity, according to bankers and analysts.
“Despite the headwinds generated by low oil prices, we expect a broadly supportive operating environment for GCC banks in 2016 due to regional governments’ commitment to their countercyclical spending policies,” said Khalid Howladar, a Senior Credit Officer at Moody’s based in Dubai.
“Events such as the UAE Expo 2020 and World Cup Qatar 2022 are providing anchors for capital expenditures in addition to other key regional infrastructure projects.”
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