28.01.2010 - Large provisions to hit 6 UAE banks’ margins: CS
From Khaleejtimes.com: Leading investment bank Credit Suisse has predicted that earnings of the six national banks would be affected by heavy provisioning in the fourth quarter of the year 2009. In a forecast on country’s top banks for the upcoming Q4 09 results, Credit Suisse predicted that margins would be more resilient than initially expected, but the increase from interest income is likely to be offset by rising credit costs.....................................Full Article: Source
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