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UAE-Banks

UAE banks expected to improve in second half of 2014

: Tuesday, August 05 - 2014 @ 09:34

Shaker Fareed Abdul Rahman Zainal, head of distribution at Mashreq, said that UAE banks are expected to continue on its trend of improvement in second half of the year, with loan and deposit books growing, profitability improving and troubled assets declining for the sector as a whole, says a Senior banker, Khaleej Times reported. Shaker Fareed added that soundness indicators of the UAE banking system have further improved this year with strong improvement in capitalisation levels, increase in profitability and further easing of liquidity situation. “The banking industry is in the best shape as it’s been for the past 10 years. Capital adequacy ratios are good at around 2%, twice the world requirement and non-performing loans (NPLs) have decreased considerably, Zainal told Khaleej Times during an interview.

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Tuesday, August 5- 2014 @ 9:34 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.

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