Rakbank CEO: Feeling Confident About 2H Outlook

The transcript discusses the bank's strong performance in the first half of the year, with growth in customer base and asset quality. It addresses the impact of inflation and interest rates, noting that the UAE is less affected compared to other regions. Mortgage growth is expected to slow but remain positive. Demographic shifts show an increase in European and Arab expats. The bank remains confident in its growth strategy despite rising borrowing costs. M&A is not a current focus, with emphasis on SME growth. Collaboration with regulators is highlighted to enhance the financial system's resilience.

What indicators suggest that the second quarter is stronger than the first quarter?

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What impact does inflation have on small businesses according to the text?

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How has the bank's asset quality changed in recent times?

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What demographic trends are observed in the workforce according to the speaker?

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What is the bank's outlook for growth in the second half of the year?

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How does the bank plan to engage with its clients moving forward?

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What message does the speaker have for the Central Bank regarding the financial system?

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