Dubai lender Mashreq not interested in stanChart UAE assets
Mashreq, Dubai's third-largest bank by assets, expects loan growth in 2014 to be between 11 and 15 percent
Dubai lender Mashreq has no interest in purchasing assets of Standard Chartered in the United Arab Emirates, but is open to acquisitions in Egypt and Turkey, its chief executive told Reuters on Wednesday.
The British bank is aiming to sell part of its business in the UAE after it agreed to close some accounts there in an anti-money laundering settlement with authorities in the United States, sources told Reuters last month.
Mashreq, Dubai's third-largest bank by assets, expects loan growth in 2014 to be between 11 and 15 percent, CEO Abdul Aziz al-Ghurair said on the sidelines of a company event in Dubai.
-
Dubai’s Mashreq sees retail banking profit doubling in 2013
Mashreq, Dubai’s third largest listed bank by assets, expects profit from its retail banking unit to double in 2013 from a year earlier, a top ... Banking & Finance -
Two critical weeks for the Mashreq
Physical and psychological warfare is raging in the Arab theatre of operations against the backdrop of Geneva II Middle East