ENBD forecasts strong retail banking growth in the year ahead | GulfNews.com:
"Emirates NBD posted a strong set of numbers with net profit doubling for the first nine months of this year supported by industry leading growth in retail banking and consistent decline in provisions. With just a few weeks left to the year end the bank is confident of a repeat of the strong performance in the retail business for the year ahead.
“We have had an excellent first 9 months for our retail business. Our revenues have grown by 9 per cent and our balance sheet has grown even faster. Our market share for all products is growing consistently,” said Suvo Sarkar, General Manager — Retail Banking and Wealth Management at Emirates NBD.
ENBD’s retail asset growth of nearly 20 per cent is significantly above the market, and the bank expects to continue to outperform the industry. Bank’s consumer lending grew 13 per cent quarter on quarter in the third quarter and by 18 per cent from end 2013, with the books getting a temporary boost from initial public offering (IPO) leverage."
'via Blog this'
No comments:
Post a Comment