20.11.2009 - Gulf bank mergers to focus on UAE
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