UAE top banks show healthy growth in second quarter profits | GulfNews.com:
"The second-quarter earnings of top UAE banks last week, pointed towards a healthy growth in profits and a sustainable recovery in their loans growth, say banking industry experts.
“The second quarter earnings for the three major UAE banks, Emirates NBD, National Bank of Abu Dhabi and First Gulf Bank displayed solid loan growth that is currently pacing at 10 per cent, year-on-year, and looks set to continue if not accelerate for the rest of the year as the risk appetite from banks keeps increasing, reflecting the improving macro environment in the UAE,” a Dubai-based analyst told Gulf News.
He added: “It remains to be seen how the Central Bank reacts as the loan growth outpaces their objectives suggesting potential overheating.”"
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