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Gulf likely to feel blows hitting euro-zone banks

Posted on 07 September 2011

The crisis hitting banks in the euro zone is expected to leave bruises on Gulf lenders as global credit gets tighter. Many regional banks will experience funding problems as the fallout from the European turmoil spreads across the world, even among banks that have avoided buying bonds from the likes of Greece, Spain and other troubled sovereigns.
“What’s most important are the indications for the funding markets,” said Jaap Meijer, a financial analyst at AlembicHC……………………………………….Full Article: Source

 
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