ZAWYA: UAE banks resilient as ceasefire lifts sentiment, but earnings visibility remains limited
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UAE banks show resilience as the US-Iran ceasefire boosts sentiment, according to Al Ramz Capital. Direct conflict-sensitive exposures in large banks are manageable at 23%-27% of gross loans. However, second-order risks, particularly in personal and retail mortgages, could arise if the conflict persists. FAB and ADCB are better positioned due to stronger public sector exposure, while ENBD, ADIB, and DIB face higher risks. Lending activity is expected to remain stable, but visibility into loan growth and earnings remains limited. Al Ramz maintains ratings on all large banks despite unchanged underlying earnings drivers.
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