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FINANCIAL NEWS
UAE’s financial position to remain constant
10 Dec 2015
(MENAFN) UAE’s financial position will be safe despite an increase led by a fall in oil prices, keeping its stable outlook for nation’s banking system; asset value of banks is predicted to stay steady.
Furthermore, liquid assets are predicted to decline to 25 percent from around 30 percent of whole assets of Dec last year.
“The stable outlook reflects our expectation that despite the economic slowdown driven by low oil prices, banks’ credit profiles will broadly remain resilient. While we expect subdued credit growth,” said the ratings agency.
Accordingly, it is expected that there will be a real GDP rise of almost 3.1 percent and 3.2 percent for the years 2015 and 2016, down from 4.6 percent in 2014.
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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