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Gulf lenders can absorb up to $36bn shock, says S&P
The Covid-19 pandemic and the collapse of oil prices will test the earnings of Gulf-based lenders but overall they could absorb up to a $36bn shock (in normalised losses) before starting to deplete their capital base, according to Standard and Poor’s (S&P), an international credit rating agency. “The rated banks’…
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Click here to read the full story: Gulf Times