Monday 27 January 2014

UPDATE 2-ENBD CEO happy with bank's Dubai exposure, rules out acquisitions | Reuters

UPDATE 2-ENBD CEO happy with bank's Dubai exposure, rules out acquisitions | Reuters:



"* Nelson comfortable with Dubai exposure



 * Will wind down some to meet new central bank rules



 * 2014 loan growth forecast 7-8 pct - CFO



 * No plans for acquisitions until mid-2015 at least - CEO



 * Q4 net profit 673 mln dhs vs 626 mln dhs yr-ago



 * Misses forecast as provisions jump 40 pct y-o-y"



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