UAE Banks Lead GCC Lending Growth Despite Regional Disruption
Dow Jones
Sep 09
1127 GMT - U.A.E. banks continue to lead lending growth in the Gulf despite regional geopolitical disruption, Kamco Invest says. Gross loans at U.A.E.-listed banks rise 4.5% from the previous quarter in the second quarter, the strongest increase among GCC markets, while central-bank data show systemwide credit growth of 18.1% on year. The lending outlook also remains firm, with First Abu Dhabi Bank raising its full-year loan-growth guidance to the upper end of its low-to-mid-teens range, Kamco says.
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