Tuesday 21 October 2014
 
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GCC banks

Mena banks’ outlook 'in sharp contrast'

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

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Asset-quality challenges seen for GCC banks

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

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Rescue plan to boost Gulf banks' recovery

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

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