Comment & Analysis
Financial Results
Market Forecasts
Retail Banking
Uncategorized
Credit losses and low lending to hit UAE banks’ profits this year
Profit growth at five of the UAE’s banks is expected to slow this year because of lower lending and an increase in credit losses, according to Standard & Poor’s. Net profit growth will fall to about 5 or 6 per cent from 21.3 per cent last year, S&P said in…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: The National