United Arab Bank winds down SME unit after surge of UAE debtors
United Arab Bank, hard hit by a surge in debt defaults among small business owners in the UAE, is winding down its SME unit to focus on larger companies in a bid to return to profit, it said on Thursday. The bank’s earnings were hobbled last year as provisions more…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: The National