Middle East Economic Survey
VOL. LII
No 38
21-Sep-2009
UAE
High Provisioning Charges Challenge UAE Banks Profitability, Says HC
Profitability of UAE banks was negatively affected by a sharp increase in provisioning charges in 2Q09, says the Cairo-based investment bank HC Securities & Investment in a 14 September report. The bank adds that provisioning levels are expected to remain elevated during the rest of the year. Although the central bank seeks to boost lending activities, the funding...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!