Moody's maintains stable outlook on UAE banking industry on back of 'economic resilience' - The National

Moody's maintains stable outlook on UAE banking industry on back of 'economic resilience' - The National:

"Moody’s Investors Service maintained its stable outlook on the UAE banking industry citing stable funding, strong capitalisation and expectations of an economic rebound next year amid higher oil prices. “Stabilising oil prices and international bond issuances will continue to support funding and liquidity conditions in the country, following a tightening during 2016 amid oil price weakness,” said Mik Kabeya, an analyst at Moody’s. Moody’s is forecasting credit growth of 5 per cent in 2018. That compares to 2 per cent in 2017, 5.8 per cent in 2016 and 8 per cent in 2015."



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