Comment & Analysis
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Middle East Banks' Earnings Pressure Unlikely to Abate Before 2023
Fitch Ratings' 2022 sector outlook for Middle East (ME) banks is neutral, reflecting a modest expected economic recovery. Credit growth will remain soft and below pre-pandemic levels in most countries with the exception of Saudi Arabia and Qatar. Fitch expects profitability pressures and strong liquidity to continue, while capital buffers…
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Source: Fitch Ratings