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Islamic Finance Briefing - Categorized | Banking, Investment more

Investors looking for lending growth signs from Gulf banks

Posted on 06 July 2010

From Gulf-times.com: Investors are looking for signs of renewed lending growth from upcoming Gulf bank results, where provisions for bad and doubtful debt will continue to weigh on second quarter profits.
“NPLs will probably dominate the headline but we think attention should be put on loan book growth,” said Daniel Broby, chief investment officer at Silk Invest fund. “Outside of Dubai, we are expecting signs of loan growth right across the rest of region.”………………………………………Full Article: Source

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