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BRIEF-Moody's maintains stable outlook on UAE banking system
October 19, 2016 / 7:30 AM / a year ago

BRIEF-Moody's maintains stable outlook on UAE banking system

Oct 19 (Reuters) - Moody‘s:

* Moody’s maintains stable outlook on the United Arab Emirates banking system

* Moody’s on UAE - Expects real GDP growth of around 2.5% and 1.9% for 2016 and 2017, down from 3.2% in 2015.

* Moody‘s- Expect problem loans to increase modestly to around 5.5% of total loans by mid-2017 following a period of strong recovery

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