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Are GCC banks ready to absorb further loan-loss shocks?
Rated GCC banks, which had set aside $10.9 billion of new loan-loss provisions in 2020 in the backdrop of the pandemic and low oil prices, have the capacity to absorb a further shock of up to $45 billion. S&P Global Ratings estimates that rated banks in the GCC can absorb…
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Click here to read the full story: Khaleej Times