From Arabnews.com: The GCC banking sector has continued to tread with caution in an uncertain economic environment characterized by low interest rates. Even though a recovery in credit markets is clearly underway, it remains tentative and uneven. It will likely take several more months for the pace to significantly accelerate.
The challenge of bad loans and provisions has not been fully overcome but the situation is showing signs of stabilizing, which is creating some room for additional lending. GCC bank earnings improved 2.0 percent during 3Q, helped by a robust 12.43 percent drop in aggregate provision…………………………………….Full Article: Source