Mashreq sees sobering of retail revenue growth in 2015 | GulfNews.com
"After achieving exceptional retail revenue and profit growth in 2014, Mashreq expects a moderation in the retail revenue growth rates in 2015, said Farhad Irani, Group Head of Retail Banking at Mashreq in an interview with Gulf News.
“In 2014 we exceeded all projections. All segments of our retail business such as our businesses in Qatar and Egypt beat the plan. The plan in itself was very aggressive to start with. In 2014, our revenues have grown close to 36 per cent year on year and the bottom line has doubled for the third time in three years,” said Irani.
The rate of growth in retail revenues is expected to drop by about 40 per cent in 2015 largely due to the already high denominator and some rationalisation in the wealth business."
'via Blog this'
No comments:
Post a Comment