GCC loan margins down 47.37 bps in 2014 vs 3.7 bps in APAC
Gulf banks are feeling the pinch of rapidly shrinking corporate loan margins, with some predicting a bounce in lending rates as soon as the first half of 2015 as the escalating price war bites into profitability.
Lenders are being forced to cut rates and loosen lending terms to secure business as local banks, flush with cash as their balance sheets recover from the global financial crisis, seek ways to earn a return on their money- By Reuters. Read more>>>
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