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UAE lenders ready to rebound in 2010

Posted on 19 February 2010

From Gulfnews.com: Almost everything that could have gone wrong for the UAE’s banking sector did so in 2009. The bursting of the bubble that has grown noticeably fatter in the last five years saw liquidity dry up almost overnight, non-performing loans multiply, and the real estate sector nearly collapse in parts of the country.

Analysts and bankers now say banks have the potential to rebound in 2010 considering record provisioning last year, government stimulus spending and regulation-tightening, and the perceived improvement in the global economy in recent months…………………………………..Full Article: Source

 
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