RPT-UAE bank UNB expects limited profit and loan growth in 2016 -CEO | Reuters:
"Union National Bank (UNB) doesn't expect to see much growth in profits or lending in 2016, its chief executive said on Monday, but the Abu Dhabi-based bank could tap the bond market this year to raise funds.
The United Arab Emirates' economy minister said last week the country would find it difficult to grow its economy by more than 3 percent this year and officials have estimated 2015 growth to be between 3 and 3.5 percent.
The impact of lower growth has already started to feed through into the earnings of some UAE banks."
'via Blog this'
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