UAE banks seen turning the corner in 2018 as loan demand strengthens - The National

UAE banks seen turning the corner in 2018 as loan demand strengthens - The National:

"UAE banks are set to see higher loan growth and profitability in 2018 as the local economy turns the corner, non-performing loans decline and rising interest rates give a boost to net interest margins. Rising oil prices and stronger support from governments are also supporting deposits while greater adoption of technology by banks has made them more efficient. "Banks closed out the year pretty well last year," said Saeeda Jaffar, a managing director at the Financial Institutions Advisory Services practice of the global consultants Alvarez & Marsal."



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