It was the latest bank’s 4th consecutive one-fourth losses following the decade off continuing gains
Mohammad Nasr Abdeen, the fresh President regarding Commitment Federal Bank, foretells Claire Ferris-Set precisely how his bank’s old-fashioned method to lending has set it into the a good stead to enhance in 2010.
, talks to Claire Ferris-Set about how their bank’s conventional approach to credit have put they within the good stead to grow this current year.
We expect you’ll develop in this 10 % in 2010, Mohammad Nasr Abdeen, the new Ceo out of Abu Dhabi-basedUnion National Bank (UNB)
Once five successive numerous years of progress on the rear of your booming real estate field, UAE lender payouts keeps id the new downturn.
It careful approach enables the state-regulated bank to continue to grow despite a hard coming year
revealed 3rd quarter net loss regarding 38 percent. A year ago our gains was most minimal. I managed to service our very own users in the most effective way however, we failed to be able to build our very own company significantly, admits Abdeen, a seasoned banker with well over thirty years of experience during the the. read more