UAE banks credit may grow at 8-9% in 2014-15: S&P | GulfNews.com:
"The UAE’s banking credit growth is expected to be around 8-9 per cent in 2014-15 due to healthy economic activity, Standard and Poor’s said in a report on Wednesday.
The ratings agency expects Dubai-based banks to grow faster than their peers in Abu Dhabi, as banks in Dubai have again focused on lending, with most of them improving significantly on their asset quality and funding profiles.
“The key risk if they were to re-visit their strategy of the aggressive credit growth, so far that has not been the case, which is a positive,” Timucin Engin, an analyst at Standard & Poor’s, told Gulf News."
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