UAE banks better placed to handle credit growth dip
- Date: 13-Sep-2023
- Source: Arabian Post
- Sector:Financial Services
- Country:UAE
UAE banks better placed to handle credit growth dip
Arabian Post Staff Higher interest rates and OPEC oil production cuts will constrain near-term growth prospects for the major Gulf Cooperation Council (GCC) economies, but non-oil growth and, consequently, credit growth in the UAE and Saudi Arabia remain robust, S&P said in the latest report on the GCC banks. Despite a slight deterioration in asset quality indicators and an increase in the cost of risk, it expects […]
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