Banks in Gulf expected to ease lending this year
Published: January 11th, 2010
Gulf banks are expected to ease a tight lending noose they formed in late 2008 and through 2009 as they appear to be treading into a better year in terms of economic growth and domestic demand, according to analysts.
Barring unexpected developments, banks in the six-nation Gulf Co-operation Council (GCC) will be tempted by better business environment in 2010 to partly open up their funds to the public but they will not be as generous as in 2008, according to Emirates Business.
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