REFILE-Abu Dhabi Islamic aims to boost lending after capital increase | Reuters:
Abu Dhabi Islamic Bank expects to increase lending in 2018 after boosting its capital, its acting chief executive said, as the sharia-compliant bank’s rate of profit growth slows as it battles against a sluggish economy.
An economy weakened by lower oil prices and a crowded banking market has hit the balance sheets of United Arab Emirates’ banks and hobbled loan growth.
ADIB, the largest sharia-compliant lender in Abu Dhabi, expects to increase profit in 2018 in single digit percentage terms, acting-CEO Khamis Buharoon al-Shamsi said. This compares with growth of 18 percent in 2017.
No comments:
Post a Comment