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Middle East

Pandemic to Squeeze Margins at GCC Banks – S&P

The COVID-19 pandemic combined with the subsequent slump in oil prices is a particularly dangerous combination for GCC economies given the region’s exposure to commodity prices. According to a report from S&P, the region’s banks face an earnings shock, with a notable slowdown in credit growth and higher risk premiums – although other key metrics remain strong.

Apr 14, 2020 // 8:30AM

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