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Tough funding conditions likely to affect UAE banks

Posted on 25 August 2009

From Khaleejtimes.com: Growth in UAE banks is likely to be challenged by tough funding conditions, including rising loan defaults and a marked increase in provisions for losses, but their profitability levels will continue to be attractive, Goldman Sachs said.

The bank said in a report on Monday that despite significant support from local governments that boosted funding and capitalisation, UAE banks’ earnings could be curbed by future loan losses and funding constraints that could impair growth potential………….Full Article: Source

 
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