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FinancialNews
27-02-19
Bahrain's NNB eyes sharp boost in 2019 loan
(MENAFN) Bahrain's National Bank of Bahrain (NBB) is forecast to register a double-digit loan boost in 2019 within fields of corporate and structured finance.
It comes as the majority state-owned bank yielded USD8.36 billion in assets by the end of last year.
Chief Executive Jean-Christophe Durand confirmed that the bank is looking to rise lending to giant firms along with projects and small and medium-sized enterprises (SMEs).
According to the chief, "our strategy is much more to go into structured finance transactions ... such as project finance in Bahrain where we can take a leading role and then develop the relationship with the client."
NBB, Durand added, was not planning to launch activities in providing financial institutions with loans.
MENAFN2702201900450000ID1098179185
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