15 Jun 2010
(MENAFN) A report issued by Moody’s Investors Service said that the outlook for the banking system of the UAE remained negative, as a result of the country’s weak operating environment and the challenges facing the emirate of Dubai, Reuters reported.
Moody’s negative outlook expressed the expectations for the fundamental credit conditions in the country’s banking system over the next 12 to 18 months.
John Tofarides, analyst at Moody’s Middle East in Dubai and the lead author of the report, said that UAE banks faced significant asset quality issues last year, but their capital levels and good core profitability have allowed them to absorb some losses without significantly undermining their creditworthiness.
Although systemic support provided by the country’s federal government has cushioned the banks’ financial challenges, asset quality pressures stemming primarily from Dubai will continue to weigh negatively on Moody’s outlook for UAE banks, the report said.
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more