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Report warns banks exposed in real estate sector
- Middle East: Wednesday, September 03 - 2008 at 20:06
An HSBC report has warned that banks in the GCC are overexposed in the real estate sector. It has cut investor recommendation on First Gulf Bank to neutral from overweight with a price target of Dhs24.5 and lowered its price target for National Bank of Abu Dhabi to Dhs20 from Dhs22.5.
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StaffWednesday, September 03 - 2008 at 20:06 UAE local time (GMT+4)
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