Aug 30, 2019 (LBO) - Moody's Investors Service says in a new report that its negative outlook for Sri Lanka's banking system is driven by weak operating conditions and deteriorating asset quality
, as a slow recovery in the tourism and related sectors are resulting in subdued economic growth.
Global Banking News-August 19, 2019--Indian central bank not going ahead with NBFCs asset quality
M2 EQUITYBITES-August 19, 2019--Indian central bank not going ahead with NBFCs asset quality
BANKING AND CREDIT NEWS-August 19, 2019--Indian central bank not going ahead with NBFCs asset quality
London: Turkish banks' 3Q18 results confirm that asset quality
is gradually deteriorating as a result of the economic slowdown, lira depreciation and interest rate rises, Fitch Ratings says.
is the primary reason for several Kazakh banks' failures and liquidity issues, reads the Kazakh Banks Datawatch for 3Q18, published by Fitch Ratings.
The stable assessment was made on the back of the industry's good asset quality
, strong loss buffers and ample liquidity that allows for the accommodation of rapid loan growth in a growing economy.
Ahlibank has won the 'Best Bank in Asset Quality
' award in Qatar at the New Age Banking Summit 2018 awards ceremony, organised by UMS Conferences with the support of Qatar Central Bank and Qatar Financial Centre Regulatory Authority.
Summary: Qatari banks expected to face higher asset quality
The Rating action is driven by the improvement in Gulf Bank's asset quality
and profitability over the next 12-18 months and potentially lower through-the-cycle portfolio losses resulting from reduced loan concentration to single borrower and more volatile sectors, along with improvements in the Bank's underwriting standards over years, said Moody's in their recently published press release.
On the other hand, HDFC was up 0.4 percent post stable earnings and asset quality
while Tata Steel was down 1.2 percent ahead of earnings later today.