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ENBD expects small business lending to double next year
- United Arab Emirates: Thursday, December 13 - 2012 at 04:46
Emirates NBD has said it expects lending to small businesses in 2013 to double and top Dhs1bn ($272m), as Dubai's largest bank diversifies away from corporate and personal financing, Reuters has reported. "This year the size of our lending to SMEs doubled from last year and we expect them to double in 2013 from 2012. I would say this will exceed Dhs1bn dirhams 2013," Suvo Sarkar, ENBD's head retail banking, told the news service. The bank will see revenue propped up by lending to SMEs, he said. "We are seeing lot of action in food and beverage, travel and tourism, oil field services and construction."
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