What Is Banking In The UAE Really Like?

According to industry experts, all indicators for the UAE banking industry are positive and show that the industry is stable, profitable and mature. Moody's financial analysts recently issued a research update that confirmed its view that the UAE banking system is "stable." It cited banks' strong capital positions, resilient profitability and solid funding.

Strong Banking Industry

This is good news for commercial, corporate and private banks operating across the UAE. Only a few years ago the sector experienced an important consolidation phase that strengthened surviving market players. Besides getting stronger, all major UAE banks have expanded their global footprint, opening branches or representation offices all over the GCC and in major cities including London, New York, Hong Kong and Singapore.