Middle East Economic Survey
VOL. LIII
No 36
6-Sep-2010
REGIONAL
Gulf Banks Recovering Despite $20Bn Loan Losses And Impairments, According To S&P
The Gulf banks appear to be showing signs of improvement after spending more than $20bn on loan loss provisions and investment impairments since 2008, according to Standard & Poors Ratings Services (S&P). In a report titled Gulf Banks Are Weathering The Storm But Still Face Tight Liquidity, the rating agency maintains that the economies in...
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!