The outlook for banks across the Mena region signals a diverging trend, with stable prospects for GCC banks contrasting with unsettled conditions in rest of Mena region, a report said.
The outlook is split between the buoyant oper
The 49 Moody’s-rated banks across the GCC are likely to continue to face structural asset-quality challenges and elevated event risks over the next credit cycle, said Moody’s Investors Service.
However, the rating agency pointed out that g
GCC banks are gradually expected to recover from the impact of the crisis on the back of stimulus plans initiated by the official authorities and the central banks, said a report.
"The future expectations in the banking sector is condition