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Dubai Islamic targets 20pc loan growth in 2015

DUBAI, July 29, 2015

Dubai Islamic Bank is targeting 20 per cent loan growth in 2015, the lender's chief executive said on Wednesday.

The back had set a target of 15-20 per cent loan growth for 2015 at the start of this year.

But Adnan Chilwan said the bank aimed to be at the higher end of that target.

"We would want to be at 20 per cent for the full year," he said in an analysts' conference call.

The bank will also start operations in Kenya in the third quarter of 2015, he said. – Reuters




Tags: Dubai Islamic Bank | loan growth |

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