The UAE banking sector will continue to steadily recover into the next year, reveals a latest forecast.
According to a Business Monitor International (BMI) report on commercial banking in the UAE, the business environment and infrastructure is very favourable and regulators are well regarded.
“Lending to the government, a segment that has largely been closed to the foreign banks, has been exploding. It should continue to grow, if at a more measured pace. At some stage, the privatisation of former state-owned enterprises should resume. This should provide opportunities for both commercial banks and investment banking affiliates”, it said as reported in 'Khaleej Times'.
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