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Email this article: GCC banks back to pre-crisis level of profitability, shows AT Kearney analysis
Posted: Wed March 14, 2012 12:07 pm
UAE. AT Kearney analysis confirms recovery of GCC banks' profitability and insists banks urgently need to enhance their capabilities and level of customer service, after several years of relatively low investments.
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UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
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