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| Brief Excerpt: | ...Sector Outlook: Stable The 2019 sector outlook for Gulf Cooperation Council (GCC) banks is stable, reflecting stronger economic grow th led by higher oil prices, w hich w e expect w ill contribute to credit fundamentals. Credit grow th w ill remain w eak at around 3%-5% and w ill increase from 2018 levels in most countries. Fitch Ratings expects asset-quality metrics to deteriorate slightly. We expect liquidity to remain strong and revenue to remain high, given higher oil prices and w eak credit grow th. Earnings w ill benefit from increasing interest rates in most countries. Rating Outlook: Stable Fitch has Stable rating Outlooks on nearly 90% of its rated banks in the GCC. The majority of others are on Negative Outlook, reflecting w eakening state ability to provide support to banks in Oman. The Rating Watch Positive on one rating relates to a potential merger w ith a higher rated bank in Saudi Arabia. Rating Distribution Weighting About 90% of the Issuer Default Ratings (IDRs) assigned... |
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| Report Type: | |
| Company(ies) | Union National Bank P.J.S.C.
, MashreqBank psc
, Bank of Sharjah P.J.S.C.
, Gulf Bank KSCP
, National Bank of Kuwait SAKP
, Commercial Bank of Kuwait KPSC
, Saudi Awwal Bank
, Burgan Bank S.A.K.
, Ahli United Bank K.S.C.P.
, Arab National Bank
, Gulf International Bank B.S.C.
, Riyad Bank SJSC
, Al Rajhi Bank
, Samba Financial Group SJSC
, Ahli Bank Q.P.S.C.
, Bank Muscat SAOG
, Saudi National Bank
, Abu Dhabi Islamic Bank PJSC
, The National Bank of Ras Al Khaimah (P.S.C.).
, First Abu Dhabi Bank PJSC |
| Ticker(s) | 1010 , 1020 , 1030 , 1040 , 1050 , 1060 , 1080 , 1090 , 1120 , 1150 , 1180 , ABC , ABK , ABQK , ADCB , ADIB , AHBB , AJMANBANK , ALMUTAHED , AUB |
| Issuer | WARBA Bank K.S.C.P. |
| Format: | | PDF |  |
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