Better times ahead for UAE banking sector: CBD’s CEO | GulfNews.com:
"The UAE’s banking sector is expected to perform better in 2017 in terms of asset growth, asset quality and profitability compared to 2016, said Dr Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai (CBD). Speaking to reporters at the bank’s headquarters in Dubai on Monday, van Linder said with improvements in macroeconomic conditions in the country and GCC region, the banking sector is expected to witness improved operating environment resulting in better performance. “The UAE’s banking sector is in reasonably good shape. We expect overall loan growth for the sector in the range of 2 to 5 per cent this year. While the overall liquidity situation has improved from last year, provisions have largely stabilised and the capitalisation levels are strong across the sector,” said van Linder."
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