UAE banks headed for soaring credit growth

By Michael Turner
09 Oct 2017

The United Arab Emirates’ banking system is expected to more than double its credit growth next year, compared with 2017, with stabilising oil prices and international bond issuance set to support funding in the country.

Banks in the UAE will see credit grow by about 5% in 2018, said Moody’s on Monday, up from growth of roughly 2% this year.

“Stabilising oil prices and international bond issuances will continue to support funding and liquidity conditions in the country,” said Moody’s analyst ...

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