IMF Staff Country Reports

United Arab Emirates: Financial System Stability Assessment

Publication Date:

October 31, 2007

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 2007/357

Subject:

Banking Commercial banks Financial institutions Financial markets Financial services Islamic banking Loans Mortgages Stock markets