20.07.2010 - Strong recovery expected in UAE bank valuations
From Gulfnews.com: Dubai Despite the high non-performing assets and heavy provisioning and impairments slicing off more than 30 per cent of the operating profits and credit growth estimated only at about four per cent this year, analysts expect strong recovery for the UAE’s banking sector in the medium term. The UAE banking industry offers good value, in spite of mixed news from the property market, reports of rescheduling loans and questions about the stability of asset quality, according to a report from Rasmala Investment Bank (Rasmala) and Royal Bank of Scotland (RBS)..............................................Full Article: Source
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