Moody's upgrades Bahrain’s retail banking outlook to 'Stable' | Moody's upgrades Bahrain’s retail banking outlook to 'Stable' -
moodys

Moody’s upgrades Bahrain’s retail banking outlook to ‘Stable’

: Tuesday, April 15 - 2014 @ 01:24

International credit rating agency, Moody’s has said that solid funding, high liquidity and capital positions supported by increased government spending, is expected to shore up the asset quality and profitability of Bahrain’s retail banking sector, Gulf News has reported. The rating agency has recently changed its outlook on Bahrain’s retail banking system to ‘stable’ from ‘negative.’ “The outlook change reflects the banks’ solid funding, liquidity and capital positions, in addition to our expectation of further economic recovery, fuelled by increased government spending, which will shore-up banks’ profitability and asset quality,” said vice president-senior credit officer at Moody’s, Khalid Howladar.

Today's Top Stories

Posted by

Tuesday, April 15- 2014 @ 1:24 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically






JobsVIEW ALL

Search for jobs

Latest Jobs