GCC bank provisions soar 59% in Q4
Banks in Gulf oil producers are pushing ahead with a drive to build up loan loss provisions in the wake of the 2008 global fiscal distress and regional debt default problems, with those of key banks soaring by 59 per cent in the fourth quarter over the previous quarter, according…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Emerates 24/7