VOL. XXXI
NO. 35
6-JUNE-1988
Financial and Banking News
REGIONAL BANKING
Tepid Recovery in 1987 Leaves UAE Banks Looking Weak
Despite a general recovery in 1987 profits announced by local banks in theUAE, the overall level of activity and profitability of the banking system isstill far below that which prevailed four years ago in 1984. Futhermore, two ofthe big Abu Dhabi-based institutions have had to take heavy losses in 1987 as aresult of their exposure to third world sovereign lending, while a...
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!