The outlook on Kuwait's banking system remains stable, reflecting a gradual recovery in the banks' profitability and a supportive operating environment, characterised by high government spending, says Moody's Investors Service.
In a new Ba
Ratings agency Moody's said the outlook for Saudi Arabia's banking system in 2012 is stable due in part to high capital ratios and an expected decline in problem loan levels which will help boost profitability.
Banks in the world
Moody's Investors Service said today that it was maintaining its negative outlook on the banking system of the UAE
The outlook stems from the ongoing trends of corporate deleveraging, asset quality challenges and the subdued profitability
The banking system of the United Arab Emirates is in good shape and will be able to withstand any external shocks, the Gulf country's finance ministry said on Wednesday.
'We're quite comfortable and confident of the resili
Chief executives of leading Japanese, European and US banks will meet in London to discuss the future of the financial system, the Nikkei newspaper reported, as the global financial crisis prompts a barrage of new regulatory proposals for the sect