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Basel III presents long-term prospects for ME banksBasel III regulations present an opportunity for Middle East banks and regulators to embrace new rules and improve the sector’s asset quality and risk-return profiles, a report said. Complying with Basel III regulations shou More… |
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Fitch cuts HSBC ME viability ratingFitch has cut HSBC Bank Middle East's viability rating (VR) one notch because of asset quality concerns, while keeping its long-term default rating at 'AA-', one notch below the main HSBC group. Fitch said on Monday that HBME, the Middle E More… |
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Gulf banks showing signs of recoveryGulf banks are showing signs of recovery after spending more than $20 billion on provisioning for loans and investments but asset quality is unlikely to improve until 2011, Standard & Poor's said in a report. Banks in the Gulf Arab More… |
