Profitability at UAE banks will remain under strain in the second half of 2020, with recovery largely to be gradual and dependent on the rebound in economic activity amidst low interest rates, an increase in non-performing loans (NPLs) and impairment charges following the outbreak of coronavirus, say analysts. First-half data showed that despite a massive increase in NPLs and impairment charges, lending by major banks remained strong following the instruction ...