Banks facing hit from less consumer borrowing - The National

Bankers have warned of a difficult year for personal lending as tighter regulations, consumer deleveraging and a stagnant mortgage market result in reduced opportunities for growth.

Retail lenders were expected to experience a "reduction on the revenue side", said Arup Mukhopadhyay, the head of consumer banking at Abu Dhabi Commercial Bank.

"I don't think there's any fundamental difference in the way the market is, but it's a fact that the new regulations have taken the market size down," he said.

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