The UAE booked a place in the market full of growth opportunities in 2019, along with India, Korea and Indonesia, this was confirmed by Jose Vinales, Chairman of Standard Chartered Group.
Finals stated that the bank's returns in the UAE increased during 2019, noting that the British bank intends to expand its corporate banking operations in Abu Dhabi this year and to enhance its digital channels in terms of individuals ’banking in the country, and that the growth operations that it targets The bank will be internal. The Chairman of Standard Chartered Group stated that the UAE is great opportunities for growth, as it is located in the middle of global trade corridors, and we expect the country's economy to grow 3.5% this year, which are in line with the expectations of the IMF and we aim to increase our income in Those markets are from 5-7% over the next three years and reduce costs by less than that, in addition to enhancing risks to maintain the low rate of bad loans. Jose Finals predicted that the impact of trade tensions between the United States and China on the bank would be indirect, indicating that the size of direct and indirect impacts on the bank does not exceed 2 or 3% of the bank's income, and that the trading system has It is affected in the event of a trade war between the two countries. It is worth noting that Standard Chartered Bank is one of the 3 largest commercial banks in the world.
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