Abu Dhabi Islamic Bank expects to post single-digit credit growth in 2011 and the lender will continue to book provisions going forward, its chief executive said on Sunday.
ADIB, the second biggest Islamic bank in the United Arab Emirates, is studying the impact of new central bank rules that will limit loans to individuals and service charges, Tirad Mahmoud told reporters in Abu Dhabi.
The central bank has capped personal loans at 20 times the salary or the monthly income of a borrower with a repayment period set at 48 months, it said in a statement last month
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