MENA Banks Remain Optimistic Towards Year End
New research by EFG Hermes has found that in the banking sector, the current credit quality backdrop is generally favorable, with short-term macro being supportive in the GCC. However, higher borrowing costs and a challenging global economic environment pose potential risks in 2023. In the medium term, infrastructure spending, a push towards greener economies, and potential legal reforms, will all contribute towards loan growth. Here are some of our detailed country insights.
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