Dubai Islamic Bank, Union National Bank Favored, EFG-Hermes Says

The video discusses the performance and outlook of banks in the UAE and Saudi Arabia. UAE banks have shown better-than-expected profitability, with government measures expected to boost credit growth. Key banks like Emirates NBD and First Abu Dhabi Bank have outperformed due to technical catalysts. In Saudi Arabia, banks have shown strong loan growth and widening spreads, with expectations of further improvements due to rising interest rates. Riyad Bank is highlighted as a transformation story with potential for high ROI.

How have the larger banks in the UAE performed in terms of credit growth?

What measures have been taken by the government to stimulate credit growth in the UAE?

What are the key takeaways regarding the performance of Saudi banks in the recent quarter?

What is the expected impact of the Fed rate hike on the Saudi banking sector?

What transformation is Riyad Bank undergoing, and how is it expected to affect its performance?