Emirates NBD (ENBD), Dubai's largest bank, expects its loan growth to be between 5 and 7 per cent in 2015 and for the coming year to be "very profitable" despite the falling oil price, its chief executive said on Wednesday.
Dubai's top lender Emirates NBD sees loan growth this year in the range of 7-8 percent and the bank has no plans to raise additional capital in 2014, its chief financial officer said on Monday.
"Loan growth is expected to
The bank lending in Oman registered a 17.4 per cent growth on an annual basis in September, the slowest pace since December last year, compared to an 18.1 per cent jump in August, central bank data showed on Tuesday.
National Bank of Abu Dhabi said higher interest and fee income would help it offset lower loan growth this year, keeping its top-line profit forecast on track.
The bank, the largest in the United Arab Emirates by market value, now
Investors are looking for signs of renewed lending growth from upcoming Gulf Arab bank results, where provisions for bad and doubtful debt will continue to weigh on second quarter profits, according to experts.
"NPLs will probably dominate
Credit growth in the United Arab Emirates would slow to no more than 10 per cent in 2009, the central bank governor said on Monday, as banks adjust to a financial crisis that has slammed the brakes on economic growth.
Credit growth in the