Middle East Economic Survey

VOL. LIII

No 9

01-March-2010

REGIONAL

S&P Projects Difficult Year For GCC Banks

Standard & Poors Ratings Services (S&P) projects that 2010 will be a difficult year for Gulf banks as they work to clear up their loan books, an effort that will weigh heavily on their economic performance, it said in a 22 February report. We expect asset quality indicators to further deteriorate in the next few quarters as the economic slowdown continues to take...