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Experts: Iqbal on Arab banks as the safest
Date: Monday, 12/12/2011 20:06
Citizen - the follow-up
Increased the number of bank clients of Arab origin compared with those of banks foreign assets, especially of European origin as a step to unexpected consequences of the sovereign debt crisis plaguing the European atmosphere and increase the questions about the possibility of a real and radical solutions to the dilemma of Europe.
A researcher at the Center for Financial Studies Arab Haitham Hassan was observed since the beginning of the banking crisis in 2008 rise in the number of dealers with banks with assets of Arab and especially Gulf of them motivated by financial stability enjoyed by these oil-producing countries.
He pointed out that studies also demonstrated the demand for large numbers of foreigners, both residents and non residents of Arab countries to transfer their savings to the banks for fear of a new wave may hit other countries in the European Union and therefore the loss of their savings.
The economist said Joseph Damra that the demand for Arab banks justified, especially after he won the Abu Dhabi National Bank one of the highest levels of taxonomic order of the banks the safest in the world, posted on the official websites of organizations such as the "Standard & Poor's" and "Moody's" and other rating agencies credit recognized internationally.
He Damra that the problem of sovereign debt in the euro area and the inability of experts to find a logical solution, convincing them raised fears dealers at the level of Arab expatriates in those countries and at the level of non-Arabs who have transferred their assets and savings banks topped with question marks to Arab banks the safest and the stability of the he said.
The Firas Assaf one working in the Arab banks in the Italian capital Rome dealing with the rise of Arab banks, especially from the Italian citizens on the back of fears of Italy's sovereign debt crisis in Europe after Greece. The Arab banks, especially the Gulf won the ratings good by international organizations, as it won the Abu Dhabi National Bank at the highest echelons obtaining credit rating (A + / A-1) of the Emden short-and long-term, "Standard & Poor's," and (AA3/P1) from "Moody" and (AA + / F1) from "Fitch. 'and the International Monetary Fund estimated losses of commercial banks, the European crisis of the euro by about 200 billion euros since last year, as well as loss of assets due to credit risk relating to internal loans between banks, estimated at about 100 billion euros.
According to the reports of the IMF, the total losses incurred by European banks, led by banks as a result of the euro zone sovereign debt crisis is estimated at 300 billion euros (about $ 450 billion) in the last twenty months.
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Date: Monday, 12/12/2011 20:06
Citizen - the follow-up
Increased the number of bank clients of Arab origin compared with those of banks foreign assets, especially of European origin as a step to unexpected consequences of the sovereign debt crisis plaguing the European atmosphere and increase the questions about the possibility of a real and radical solutions to the dilemma of Europe.
A researcher at the Center for Financial Studies Arab Haitham Hassan was observed since the beginning of the banking crisis in 2008 rise in the number of dealers with banks with assets of Arab and especially Gulf of them motivated by financial stability enjoyed by these oil-producing countries.
He pointed out that studies also demonstrated the demand for large numbers of foreigners, both residents and non residents of Arab countries to transfer their savings to the banks for fear of a new wave may hit other countries in the European Union and therefore the loss of their savings.
The economist said Joseph Damra that the demand for Arab banks justified, especially after he won the Abu Dhabi National Bank one of the highest levels of taxonomic order of the banks the safest in the world, posted on the official websites of organizations such as the "Standard & Poor's" and "Moody's" and other rating agencies credit recognized internationally.
He Damra that the problem of sovereign debt in the euro area and the inability of experts to find a logical solution, convincing them raised fears dealers at the level of Arab expatriates in those countries and at the level of non-Arabs who have transferred their assets and savings banks topped with question marks to Arab banks the safest and the stability of the he said.
The Firas Assaf one working in the Arab banks in the Italian capital Rome dealing with the rise of Arab banks, especially from the Italian citizens on the back of fears of Italy's sovereign debt crisis in Europe after Greece. The Arab banks, especially the Gulf won the ratings good by international organizations, as it won the Abu Dhabi National Bank at the highest echelons obtaining credit rating (A + / A-1) of the Emden short-and long-term, "Standard & Poor's," and (AA3/P1) from "Moody" and (AA + / F1) from "Fitch. 'and the International Monetary Fund estimated losses of commercial banks, the European crisis of the euro by about 200 billion euros since last year, as well as loss of assets due to credit risk relating to internal loans between banks, estimated at about 100 billion euros.
According to the reports of the IMF, the total losses incurred by European banks, led by banks as a result of the euro zone sovereign debt crisis is estimated at 300 billion euros (about $ 450 billion) in the last twenty months.
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