Positive outlook for UAE banks

The long-term picture for UAE banks looks positive given the inherent strength of the economy and the growing consciousness of loan-book quality, new research has said.

Analysts at ING have ruled out the possibility of a crash in UAE banking stocks that are trading at historic lows.

The stocks offer attractive valuations to investors, they said. The present scenario may suggest mounting risks and other issues, ING said, adding that such an outlook is exaggerated.