United Arab Emirates: Financial System Stability Assessment

International Monetary Fund

No 2007/357, IMF Staff Country Reports from International Monetary Fund

Abstract: This Financial System Stability Assessment on the United Arab Emirates (UAE) examines macroeconomic and financial sector developments. The banking sector as a whole shows comfortable levels of capitalization and profits, having benefited from the rapid expansion of the economy and a steady decline in the ratio of nonperforming loans (NPLs) to total loans. Although mortgages still account for a relatively small part of bank loan portfolios, the indirect exposure could be significant. Some financial institutions’ lending standards also may be weakening as they compete for new business in mortgage lending.

Keywords: ISCR; CR; CBU Board; market; firm; DIFC bank; U.A.E. property market; intervention strategy; bank secrecy law; bank assets; U.A.E bank; U.A.E insurance sector; U.A.E. banking sector; central bank; GCC bank; Commercial banks; Loans; Stock markets; Islamic banking; Global (search for similar items in EconPapers)
Pages: 60
Date: 2007-10-31
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