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Moody's cuts Omani banking system ratingsMoody's Investors Service has downgraded its outlook on Oman's banking system to negative from stable, thus reflecting a reduction in the government's capacity to support the country's banks, as well as softer economic growth and More… |
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ECB ready to manage financial impact of Brexit voteThe European Central Bank is ready to manage impact on financial markets and the banking system of the British vote to leave the European Union, a senior ECB official said on Friday. "The ECB is ready, today everyone is in pl More… |
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Stable outlook for Kuwaiti banksThe outlook on Kuwait's banking system remains stable, reflecting a gradual recovery in the banks' profitability and a supportive operating environment, characterised by high government spending, says Moody's Investors Service. In a new Ba More… |
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Saudi banks' problem loans seen fallingRatings agency Moody's said the outlook for Saudi Arabia's banking system in 2012 is stable due in part to high capital ratios and an expected decline in problem loan levels which will help boost profitability. Banks in the world&# More… |
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Negative outlook on UAE banking stays: Moody'sMoody's Investors Service said today that it was maintaining its negative outlook on the banking system of the UAE The outlook stems from the ongoing trends of corporate deleveraging, asset quality challenges and the subdued profitability More… |
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UAE 'banking system resilient, in good shape'The banking system of the United Arab Emirates is in good shape and will be able to withstand any external shocks, the Gulf country's finance ministry said on Wednesday. 'We're quite comfortable and confident of the resili More… |
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Top banks to discuss future of financial sytemChief executives of leading Japanese, European and US banks will meet in London to discuss the future of the financial system, the Nikkei newspaper reported, as the global financial crisis prompts a barrage of new regulatory proposals for the sect More… |
