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Standard Chartered posts 20% jump in UAE consumer loans in 2012
- United Arab Emirates: Thursday, April 04 - 2013 at 01:21
Standard Chartered has said its consumer-banking assets in the UAE grew almost 20% in 2012, as the British lender extended more mortgage loans and credit to small and medium-sized companies, Bloomberg has reported. Standard Chartered has about 4% market share in UAE consumer banking, said Khalid Elgibaly, head of consumer banking for the UAE and the Middle East. The bank, which counts the second-largest Arab economy as one of its top 10 global markets, played a "more- active role" in lending to the segments, regarded by the government as critical for development, said Elgibaly.
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