Moody’s maintains negative outlook on Bahrain’s banking system

* Moody’s on Bahrain- expect modest pressure on asset quality over outlook period, problem loans rising to about 7.0% of gross loans from 6.3% at 2016 end (adds missing space)

* Moody’s maintains negative outlook on Bahrain’s banking system due to weaker economy and government debt exposure

* Moody’s expects Bahrain’s growth to slow on the back of low oil prices, stagnant hydrocarbon output and reduced government spending

* Moody’s- outlook for Bahrain’s banking system over the next 12 to 18 months is negative, as it has been since 2015

* Moody’s on Bahrain – economic growth is forecast to decline to around 2.0% in 2017-18 from 3.1% in 2016

* Moody’s – growth in Bahrain’s relatively diversified non-oil economy will also slow to 2.5% in 2017-18, from a strong 3.7% in 2016

* Moody’s on Bahrain’s banking system-overall lending, which was flat in 2016, expected to expand by 3% in next 12 to 18 months,supported by infrastructure projects Source text for Eikon: [ID:bit.ly/2r9Zqoj]

Comments

comments