Oct. 4 (Bloomberg) -- United Arab Emirates banks’ revenue from their retail business are likely to decline as much as 20 percent as a result of central bank rules that took effect in May, a National Bank of Abu Dhabi PJSC official said.
“The impact will be significant. Definitely double-digit. I’d say 15 percent to 20 percent on the entire revenue pool of banks in this market, Suvo Sarkar, general manager for consumer banking at NBAD, told a MEED conference ion Dubai today.
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