Market Report, "United Arab Emirates Commercial Banking Report Q4 2012", Published
BMI View: We expect the ongoing recovery in the UAE banking sector to gradually gather steam in 2012, although stress that our forecasts continue to see the aggregate balance sheet of the industry expanding by only 8.0% this year. The main risk centres on the increasingly uncertain policy environment facing the industry. Indeed, we expect profitability to be undermined if banks are forced to cap the interest rates they charge on credit cards, or if they are required to write...
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