Bloomberg Businessweek Middle East: Partner Greg Rung On Abu Dhabi’s Financial Services Sector
January 07, 2019
Middle East Financial Services Partner Greg Rung comments on the main challenges facing the banking sector in Abu Dhabi and how its strong profile has contributed to the UAE capital’s stable outlook in December 2018.
“The local banks are well-capitalized, with good liquidity profiles and good cost-income ratios which shows good efficiency. Overall the UAE and Abu Dhabi banking sector has a stable outlook, recovering gradually over the past year. We expect gradual credit recovery in corporate sector due to an improving economic outlook”, Rung says.
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