Coverage ratios on loans at the top ten local banks UAE 2020-2022
In 2022, stage three coverage ratios on loans at the top ten local banks in the United Arab Emirates reached 63 percent, after increasing from 59 in 2021. Stage two coverage ratios on loans also increased, growing from 13.4 percent to 18.3 percent during the period. Whereas, stage one remained relatively stagnant, recording a marginal decline of 0.1 percent over the previous two years.