From Gulfnews.com: Most UAE banks have reported first quarter profits surpassing the market expectations. However, bankers and analysts were cautious about expectations for the next three quarters as a potential rise in bad loans, sluggish loan growth and high funding costs were expected to curtail their full-year performance.
The UAE’s leading banks in terms of assets such as the Emirates NBD and National Bank of Abu Dhabi (NBAD) reported first quarter profits far exceeding analysts’ expectations……………………………………….Full Article: Source