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FINANCIAL NEWS
Gulf banks earnings are set to weaken in the next quarters
04 Oct 2015
(MENAFN) Banks in the Gulf Cooperation Council (GCC) reported a good set of earnings in the first half of 2015 thanks in part to declining credit losses, and despite the continued squeeze on interest margins.
However, owing to the knock-on effects of lower oil prices on growth and asset quality, earnings could weaken over the next several quarters, a newly released report showed.
“Gulf banks: after solid first-half results, earnings are set to slide,” according to Standard & Poor’s Ratings Services’ report published based on a sample of 26 rated banks in the GCC.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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