UAE banks’ solvency profiles stronger than GCC peers according to Moody’s
Amidst challenging operating conditions, the UAE’s more diversified economy and the macro-prudential initiatives in real estate and banking regulations since the 2008 global financial crisis will support the solvency profiles of banks, according to rating agency Moody’s. With the oil slump still pressuring the funding environment for lenders across the GCC, the UAE banking sector remains moderately exposed to a prolonged period of low oil prices. (Gulf News)
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