A top UAE banker has attacked the greed culture within the country's financial system as bad-loan provisions in the sector approach Dh50 billion (US$13.61bn).
Abdul Aziz Al Ghurair, the chief executive of the Dubai bank Mashreq and a former Speaker of the Federal National Council, said the time had come for lenders to put customers ahead of profits.
"I think banks did a terrible job in servicing the client, everywhere including Mashreq," he said.
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