The chief executive of Dubai's Mashreq, the emirate's second-largest bank by market value, said on Tuesday he was "optimistic" about the bank's performance this year and expects profits to grow by between 10 to 15 per cent.
Mashreq reported last week a 67 per cent jump in net profits in 2012, on the back of lower provisioning and higher fee income.
While not reaching such heights this year, Abdulaziz Al Ghurair said the bank would still see healthy growth in earnings.
Read more: http://www.gulfbase.com/news/mashreq-sees-10-15pc-profit-rise-in-2013/229066
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