Lower interest rates, increasing competition cut banks' margins (Khaleej Times)
Story date: 2008-04-15 08:43:09
Added on: 2008-04-15 21:26:45
ABU DHABI — The liquidity in the banking system is high on the back of oil revenues but the impact of lower interest rates due to the dirham's peg to the US dollar and increasing competition in the banking sector is reducing profit margins.
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