February 8, 2018 / 11:45 AM / 16 days ago

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

ABU DHABI, Feb 8 (Reuters) - 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.

Reporting by Tom Arnold; editing by Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below