Banks in the United Arab Emirates (UAE) have benefited from a strong domestic economy, leading to improved asset quality metrics and lower credit losses, said S&P Global Ratings in its report "United Arab Emirates Banking Sector 2025 Outlook: Balancing Growth And Risks Amid Economic Expansion," published today. We anticipate improved asset quality will persist in 2025, which supports a positive economic risk trend in our Banking Industry Country Risk Assessment for UAE banks.