Basel III regulations present an opportunity for Middle East banks and regulators to embrace new rules and improve the sector’s asset quality and risk-return profiles, a report said.
Complying with Basel III regulations shou
Fitch has cut HSBC Bank Middle East's viability rating (VR) one notch because of asset quality concerns, while keeping its long-term default rating at 'AA-', one notch below the main HSBC group.
Fitch said on Monday that HBME, the Middle E
Gulf banks are showing signs of recovery after spending more than $20 billion on provisioning for loans and investments but asset quality is unlikely to improve until 2011, Standard & Poor's said in a report.
Banks in the Gulf Arab