Rak Bank's England: Provisioning is Getting Better

The transcript discusses the financial strategies and market conditions faced by a bank. It covers the adjustments made to the balance sheet, the impact of COVID-19 on lending and market behavior, and the current state of the property market. The bank has shifted towards lower-risk lending and is considering returning to the debt market for long-term funding. The property market is strong, with increased interest in buying rather than renting, driven by favorable conditions in the UAE.

What are the expected trends in provisions for the next quarter according to the bank's outlook?

What are the implications of the changing behavior of credit card users post-COVID?

How does the bank plan to approach funding in the current interest rate environment?