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· UAEs non-performing loans highest in GCC:
UAEs banking system has the highest rate of non-performing loans (NPLs) among the six GCC countries, followed
by Bahrain and Oman. The loans fall in the NPL category once the repayment of the same fails to come for more than 90 days.
According to an analysis made by Standard and Poors, on non-performing loans in GCC banking system as of December 31, 2002, Qatar has the lowest rate of non-performing loans compared with its total gross loans.
However, the non-performing loans in the retail segment is much lower than that in the total gross loans, as per the data provided by the respective central banks in these GCC countries.
Approximate Word count = 483 Approximate Pages = 1.9 (250 words per page double spaced)
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