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UAE banks' profits to be hit by lower interest rates, high impairments in 2020
The UAE banks' profitability will come under pressure in 2020 due to lower interest rates, non-interest income and high loan impairment charges, Fitch Ratings said on Tuesday, June 23. Redmond Ramsdale, head of Middle East Bank Ratings at Fitch, said UAE banks' standalone credit profiles are also likely to weaken…
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