#UAE banks' net interest margins expected to remain under pressure | ZAWYA MENA Edition

UAE banks' net interest margins expected to remain under pressure | ZAWYA MENA Edition:

Net interest margins (NIMs) for nine of the ten biggest listed banks in the United Arab Emirates dropped during the fourth quarter (Q4) of last year, according to Alvarez and Marsal.

In its UAE Banking Pulse report, the professional services firm stated that NIMs for the UAE’s biggest banks dropped by six basis points quarter-on-quarter, to 2.52 percent in Q4 2018, from 2.58 percent in Q3 2018 .

“We will probably continue to see some pressure on NIMs as we go forward,” Dr. Saeeda Jaffar, managing director at Alvarez and Marsal, told journalists at a media roundtable discussing the Banking Pulse report.