FAB’s Global Markets division head expects rate rise to benefit bank’s profitability
FAB’s Head of Global Markets Mahmood Al Aradi said on Bloomberg TV that he expects higher interest rates to boost the bank’s profit. He further said that FAB expects to maintain its dividend rate (2017 payout c70%) in 2018. FAB is eyeing low-single digit revenue growth in 2018, according to mgmt.’s guidance, with relatively strong growth trend in fee income.
Shabbir Malik
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