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GCC banks stand to gain from rate rises and drop in cost of risk amid economic recovery
Banks in the GCC stand to gain from higher energy prices and a rise in interest rates that will significantly improve their bottom lines as cost of risk continues to decline amid economic growth in the region, S&P Global Ratings said. On average, a 100-basis-point (bps) increase in benchmark interest…
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Click here to read the full story: The National News