UAE banks show 'irrational exuberance' over loans - The National:
"Tirad Mahmoud, the chief executive of Abu Dhabi Islamic Bank, has warned of "irrational exuberance" in the UAE's corporate lending market, saying companies are seeking to lower borrowing costs by so much that banks may no longer find it appealing to lend.
Mr Mahmoud said ADIB was finding fewer opportunities in corporate lending and is instead seeking to build out its retail banking franchise with a focus on expatriates in the UAE.
"There's irrational exuberance in terms of margin compression. It's moving too fast," he told reporters attending a Ramadan event on Sunday night. "What we see is making lending less interesting for us and therefore our engagement in that area will gradually tail off.""
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