National Bank of Abu Dhabi, the United Arab Emirates’ largest lender by market value, expects slower loan and deposit growth this year with its overseas performance “tempered a bit” by Arab political unrest, its chief executive said on Thursday.
Michael Tomalin said the lender, whose fourth-quarter earnings fell shy of expectations this week, said the outlook for this year was solid.
“For 2012, we are cautiously optimistic. We will see strong growth in our wealth and private banking business and good growth in Islamic banking,” he said in a telephone interview.
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