Browse
related articles
ENBD seeks to boost share of retail bank profit
- United Arab Emirates: Monday, June 29 - 2009 at 09:16
Suvo Sarkar, Emirates NBD's general manager for retail banking, says the bank aims to double the contribution to profit from its consumer banking unit, as new credit cards are added and small companies are targeted amid the global financial crisis, reported Bloomberg. The lender's retail unit had provided about a quarter of the bank's profit of $1bn in 2008 and should contribute a third to its net income this year, Sarkar said. 'We want to take it to 40 percent to 50%' in the next three to five years, he told the news service.
Related Content
Article Options
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
