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Showing posts with label fithc ratings. Show all posts
Showing posts with label fithc ratings. Show all posts

Tuesday, May 13, 2008

Survey: UAE Banks Extend Good Performance



UAE banks will surely make it better in 2008 as they were being praised for a good performance last year, survey said.


Fitch said it expects banks to perform strongly in 2008, given that performances rely heavily on core banking activities, and also in the light of continuous strong demand for credit.

Despite sector loan growth of 40 percent in 2007 and strong growth in prior years, asset quality remained sound in 2007, Fitch noted.

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