Arabian Business English - - BUSINESS -

The ex­pert view on the most an­tic­i­pated com­pa­nies listed in the UAE

As one of the UAE’s largest banks, in­vestors are ex­pect­ing prof­its to be sig­nif­i­cantly higher this year for ENBD es­pe­cially as it ben­e­fits from a high in­ter­est rate en­vi­ron­ment with lower pro­vi­sions and hope­fully lower non-per­fom­ing loans. The bank’s per­for­mance on the stock mar­ket has lagged due to the de­lays in dis­clos­ing new in­for­ma­tion on the Denizbank ac­qui­si­tion (and the ex­po­sure to the Turk­ish Lira) along with de­lays to its ear­lier an­nounced for­eign cap own­er­ship in­crease.

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