Challenging but improving outlook for UAE banking sector

Manama –2nd July 2012 – Despite the recent overselling of UAE banking stocks due to perceived asset quality concerns, the new lending restrictions imposed by the UAE Central Bank (UAECB), and provisions continuing to impact banks’ profitability, the outlook for the UAE banking sector is far from pessimistic. This is the view of a recent report published by SICO Research, a division of Bahrain-based regional investment bank, Securities & Investment Company (SICO). 

The full press release in English & Arabic can be downloaded here