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Oil refinery in Saudi Arabia: Gulf bank portfolios are heavily concentrated in the oil sector and with a few borrowers, exposing the banks to greater risks, the IMF says (photo: Jacques Langevin/Sygma/Corbis)

Gulf Banks Face Concentration Risks, IMF Study Says

December 22, 2014

While banks in the GCC countries are generally well capitalized, it is difficult for them to have a truly diversified credit portfolio given the structure of their economies, which exposes them to risks that require a greater amount of scrutiny, a new IMF study for more

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