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Sunday, 13 November 2016

ENBD expects retail lending growth to fall to around 5 pct in 2017 | Reuters

ENBD expects retail lending growth to fall to around 5 pct in 2017 | Reuters:



"Emirates NBD (ENBD), Dubai's largest bank, expects loan growth within its retail business to halve next year to around 5 percent as the market slows, its retail and wealth management head said on Sunday.

The bank's consumer lending book has grown by 10 percent since the end of 2015. ENBD is aiming for full-year loan growth of mid to high single digits next year across the bank.

"Single digit for next year is what most in the industry expects and I expect us to lead the industry and I hope we will continue to gain market share," Suvo Sarkar, senior executive vice president and group head of retail banking and wealth management at Emirates NBD, said in an interview."



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