UAE, Middle East, Iraq discussed on The Bryan Crabtree Show

Automatic TRANSCRIPT

I abu dhabi bank cut its branch ten cash offices network to eighty nine that's as of march that's down from one hundred and three last year that news came as the uae's biggest lender and fifth largest company in the middle east said it expects to meet or exceed twenty eight thousand financial guidance meanwhile we've also had earnings from iraq bank the net income for the first quarter was four percent below the average analyst estimates you peter england joins us here on set peter what would you say was the key learning experience from this last quarter that stood out perhaps from quarters before i think the fundamental difference in in the first quarter of this year was was lower provisions relative to the first quarter of the before wreck bank is effectively the largest bank in the country and we've had a position where for the last three years it's been rather difficult time in the sme market but the provision have gradually come off since the third quarter of sixteen reduced and that's why this queue is up about thirty three percent on on the same quarter of two thousand seventeen looking at u n p l ratio here and that's climbed even though some of those provisions are lower where i mean where does it go from here does it does it go lower then yeah i think with us we must avow must've outlines are actually written off fairly fast for us you better off to look at how credit loss at cost of risk effectively so that's come off to about four point four percent peaked at about six point one so gradual reduction in provision over the next three quarters and into next year interest margin stay remain high come down in your particular case where the where do you see the trajectory.

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