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S&P: Gulf banks may face significant burdens if conflict in the region expands
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Economy News - Follow-up
Major banks in the Gulf region face a potential outflow of up to $221 billion by non-residents if the conflict widens, according to S&P Global Ratings.
The credit rating agency sets out four scenarios for potential pressures depending on the development of the conflict, but it does not assume a direct war between Israel and Iran, while it expects the ongoing conflict to continue until 2025.
Risks also include higher default rates among corporate and individual bank customers due to the impact of geopolitical instability on regional economies.
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Added 10/24/2024 - 9:06 AM
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Economy News - Follow-up
Major banks in the Gulf region face a potential outflow of up to $221 billion by non-residents if the conflict widens, according to S&P Global Ratings.
The credit rating agency sets out four scenarios for potential pressures depending on the development of the conflict, but it does not assume a direct war between Israel and Iran, while it expects the ongoing conflict to continue until 2025.
Risks also include higher default rates among corporate and individual bank customers due to the impact of geopolitical instability on regional economies.
71 views
Added 10/24/2024 - 9:06 AM
[You must be registered and logged in to see this link.]
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