Market Report, "United Arab Emirates Commercial Banking Report Q3 2012", Published
BMI View: We retain a cautious outlook on the UAE banking sector in 2012 and are pencilling in only a moderate expansion in the industry's consolidated balance sheet. Domestically, weakness in the real estate market and Dubai's debt repayment schedule are likely to cap an aggressive expansion in banks' loan portfolios. We are projecting anaemic growth in the UAE's banking sector in 2012, with the consolidated balance sheet of the industry forecast to expand by only 4.0% year-on-year (y-o-y) following...
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