Chief executive of UAE's largest lender is upbeat regarding growth this year
National Bank of Abu Dhabi, the largest lender by market value in the UAE, expects growth in its loans of 8 to 10 percent in 2014, chief executive Alex Thursby said on Tuesday.
"Loan growth will be good this year but there are also other drivers of growth - current account, trade, forex," Thursby told reporters on the sidelines of the bank's annual general meeting.
Last year, NBAD's net loans and advances rose 11.7 per cent to 183.8 billion dirhams ($50.0 billion).
Late last month First Gulf Bank, the UAE's second-largest lender, predicted 2014 loan growth in the "low double digits".For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.