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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Gulf bank mergers to focus on UAE

Posted on 20 November 2009

From Gulfnews.com: Any near-term merger activity among Gulf Arab banks is likely to focus on the UAE, Kuwait and Bahrain, where margins are low and the customer base relatively small, a top Standard and Poor’s analyst said.

Mergers are far less likely in Saudi Arabia, the biggest Arab economy, where a lower concentration of lenders helps promote profit growth and prudent risk management, said Emmanuel Volland, S&P’s Senior Director of Analytical Ratings for Middle East and North African Financial Institutions……………………..Full Article: Source

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