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 expects lending to grow by 4-8 percent this year, CEO Michael Tomalin told an analyst call, as opposed to the 10-percent increase it forecast in the first two quarters of 2012.
However, Tomalin expected loan growth to recover in 2013, with a 10 percent rise currently forecast for next year.
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