However, the sector’s outlook remains promising due to expanding private sector credit volumes and sustainable revenue growth under buoyant economic conditions.
“The banks are expected to show improving profitability in 2008, as high oil …Read full article » Saudi Arabia: Tuesday, May 20 - 2008 @ 11:07
“Given lower expected business volumes in 2009, Saudi banks will be highly reliant on tapping government-related projects and re-pricing their lending to maintain their good performance,” says Philip Smith, Senior Director in Fitch’s Financial Institutions …Read full article » Saudi Arabia: Saturday, May 02 - 2009 @ 17:10
IMF stress tests suggest that further solvency support for the emirate’s banks will probably not be needed. In addition, we believe that there are limits to the amount of further support Dubai might require, as …Read full article » United Arab Emirates: Saturday, December 31 - 2011 @ 09:05
Nevertheless, the banks remain sound in their fundamentals.
Fitch says measures by the Central Bank of Kuwait (CBK) in H108 to curb rapid growth in consumer lending may lead to margin compression, put pressure on …Read full article » Kuwait: Monday, June 16 - 2008 @ 13:22
Qatar’s imminent sukuk issuance of roughly $3bn will kick-start what may be a record year for the sharia-compliant debt market, Fitch Ratings says. Regional growth and robust government spending are likely to be partially funded …Read full article » : Saturday, January 18 - 2014 @ 05:31
State support is the primary factor driving the banks’ Issuer Default Ratings (IDRs) reflecting the agency’s opinion that there is an extremely high probability of support from the Qatari authorities if needed, which has been …Read full article » Qatar: Wednesday, May 22 - 2013 @ 14:37
Qatar’s action is particularly timely, as the timetable for parliamentary elections has slipped further and Egyptian politics are becoming more polarised. Voting may now not take place until the autumn, although it is uncertain how …Read full article » Egypt: Saturday, April 13 - 2013 @ 10:20
“We view the acquisition favourably as it fits in with QNB’s stated strategy of building a MENA-wide franchise” says Mahin Dissanayake, Associate Director in Fitch’s Financial Institutions team.
“UAE was one of the few major …Read full article » Qatar: Wednesday, September 03 - 2008 @ 07:24
The victory of Abdul Fattah al-Sisi in this week’s Egyptian presidential election does not alter Fitch Ratings’ expectation that the authorities will be cautious in addressing the large fiscal deficit. Egypt’s public finances are the …Read full article » : Saturday, May 31 - 2014 @ 10:36
Egypt’s public finances remain the main weakness in the country’s sovereign credit profile, despite a slight improvement in its budgetary performance in the first half of the current fiscal year, Fitch Ratings says.
We discussed this …Read full article » : Thursday, February 20 - 2014 @ 09:26