Emirates NBD Confident of Growth Prospects

DUBAI - While commenting on S&P’s move, Chief Financial Officer of Emirates NBD Sanjay Uppal commented: “We are confident about the long-term prospects of Dubai and Emirates NBD.” “The first aspect was long-term rating and we believe that the bank is very stable and robust institution and we have nothing as suggested,” said Uppal.

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Published: Thu 19 Mar 2009, 12:15 AM

Last updated: Sun 5 Apr 2015, 10:41 PM

The bank is still expect single digit growth this year, but the second half is more important in terms of growth, he added.

About the S&P concerns for Dubai he said that long-term fundamental of Dubai are extremely sound and the Emirate will continue as the economic hub in the region.

Requirement of the country is not that huge as the S&P has already said that $20 billion programme of Dubai will alleviate liquidity pressure.

Khaleej Times also tried to contact other banks Mashreqbank, but could get any comment.

· abdulbasit@khaleejtimes.com

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