UAE Banking Sector Sees Continuation Of Positive Results In 2002
The UAE banking sector has posted another good year of results despite a climate of regional tension, a sluggish international economy and low interest rates. According to the annual MEES survey of 19 locally incorporated banks, sector-wide profits rose by just over 4% from $1,107mn in 2001 to $1,153mn in 2002, with most banks maintaining healthy profitability, although some registered a...
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