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...
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