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Mashreq taps new leaders for Pakistan branch
The bank plans to expand its services in the region
Credit demand + appetite is on the up
The Central Bank’s report forecasts positive credit sentiments across households and corporates
Dubai Cable Company expands to 20 new countries
PLUS: Emirates NBD rolls out new card for high-net-worth individuals
It’s going to get worse before it gets better for GCC banks with Turkish subsidiaries
Emirates NBD’s risk-weighted assets fell by some 60-70 bps
FAB considers acquisition of Turkish lender Yapi Kredi
First Abu Dhabi Bank mulls acquiring Turkish lender Yapi Kredi
DAE secures new AED 2.75 bn 5-year unsecured term loan from Emirates NBD
The loan aims to support DAE’s general corporate needs and future financing requirements
UAE banks to post stable returns in 2024 –Moody’s
The four biggest banks made up 74% of the banking sector’s total income
CBUAE downgrades its growth projections for 2024, saying economy will grow 4.2%
The revision is down from the previously anticipated 5.7%
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