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Islamic Finance Briefing - Categorized | Banking, Performance more

Moody’s forecasts subdued bank lending in UAE

Posted on 09 November 2011

Moody’s Investors Service said it is maintaining its negative outlook on the UAE’s banking system because of ongoing trends of corporate deleveraging, asset quality challenges and subdued profitability.
The negative outlook reflects the rating agency’s expectations for the fundamental credit conditions in the banking system over the next 12-18 months, Moody’s said in a new report………………………………………..Full Article: Source

 
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