Sunday 13 July 2014
 
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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

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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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