Moody’s: Emirates NBD economic recovery lifts franchise, but problems persist

According to Moody’s, Emirates NBD has benefited from greatly the ongoing economic recovery. However, issues of credit concentrations and asset quality weakness continue to persist. Moody’s says that the ongoing economic recovery will lead to further declines in ENBD’s non-performing loans (NPLs) and support profitability. Moody’s expects the bank’s NPL…