Emirates Islamic Bank expects to resume "aggressive" lending and expansion this year, hoping to shrug off the effects of a loss-making first quarter as well as recent regulations on banks.
The Sharia-compliant lender expects to open five branches throughout the Emirates this year, said Faisal Aqil, the bank's deputy chief executive.
"This year, we've hired around 80 new staff, 60 of which were UAE nationals," he said.
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