GCC banks to maintain stable financial profiles - S&P | ZAWYA MENA Edition:
Rated banks in the Gulf Cooperation Council (GCC) are set to maintain stable financial profiles in 2020, barring any major increase in geopolitical risk or a sharp fall in oil prices, Standard & Poor’s Global Ratings said in a report Wednesday.
“In our view, GCC banks will successfully navigate a less-than-favourable macroeconomic environment in 2020 supported by their solid financial profiles,” the report said.
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