Thursday 30 October 2014
asset quality

Fitch cuts HSBC ME viability rating

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 showing signs of recovery

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

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