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Islamic Finance Briefing - Categorized | Banking, Finance more

No fix for Gulf loan market as Europeans exit

Posted on 09 December 2011

As European banks withdraw from the Gulf loan market, they are leaving a gap which other banks are unlikely to fill completely – ushering in an era of fewer, smaller and more expensive loans even as companies’ need to refinance their debt grows.
Lending in the region, which was already down on levels seen in the boom before Lehman Brothers collapsed in 2008, has been curtailed severely in the second half of this year by the eurozone debt crisis………………………………………..Full Article: Source

 
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