Bank mergers help cut funding costs, enhance pricing power


07 Oct
07Oct

Merger and consolidation trend among banks in the UAE and other GCC countries will help better-position financial institutions with higher pricing power, and less pressure on funding costs, a report by Indosuez Wealth Management said.

Consolidation will also help banks increase their scale and revenue base, said Aabid Hanif, senior credit analyst at Indosuez Wealth Management Credit Pulse.

Most analysts are of the view that a new round of bank mergers - the fourth series of consolidation in the UAE's banking history - would serve to further consolidate the over-crowded financial system...READ MORE.

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