Thursday, 8 February 2018

UAE loan growth to be 5-6 pct in 2018, driven by corporate sector -official

UAE loan growth to be 5-6 pct in 2018, driven by corporate sector -official:

"Banking sector loan growth in the United Arab Emirates will be around 5 to 6 percent in 2018, a similar level to 2017, Abdulaziz al-Ghurair, chairman of the UAE Banks Federation, told Reuters in an interview. Loan growth would be faster in the corporate banking sector, with expansion in the retail segment “flattish” as a result of high costs, al-Ghurair said."



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