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Gulf banks’ asset quality to improve from ’11: S&P

Posted on 03 September 2010

From Thepeninsulaqatar.com: Gulf banks are showing signs of recovery after spending more than $20bn on provisioning for loans and investments but asset quality is unlikely to improve until 2011, Standard & Poor’s said in a report.
“We believe the asset quality of Gulf banks should improve from 2011 and that their good margins and efficiency will provide a solid foundation for their return to high profitability,” said credit analyst Mohamed Damak……………………………………….Full Article: Source

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