MANAMA: Bahrain banks’ profitability will return to pre-pandemic levels over the next 12 to 18 months, forecasts Moody’s Investors Service, noting that resilient funding, liquidity and capital positions are back after the coronavirus economic shock.
In reports issued yesterday, the US-based ratings agency has changed the outlook for the banking systems of Bahrain, Saudi Arabia, Kuwait, the UAE, Qatar and Oman to stable from negative, as operating conditions improve after the pandemic .