Dubai bank ENBD sees 2014 loan growth at 7-8 pct
DUBAI Jan 27 (Reuters) - Dubai's top lender Emirates NBD sees loan growth this year in the range of 7-8 percent and the bank has no plans to raise additional capital in 2014, its chief financial officer said on Monday.
"Loan growth is expected to be in the range of 7-8 percent in 2014," Surya Subramanian told reporters at a conference call.
The bank also expects net interest margin in the range of 2.5-2.6 percent in 2014, Subramanian added.
ENBD missed analysts' forecasts despite an 8 percent rise in fourth-quarter net profit on Monday as impairment provisions soared. (Reporting by David French; Writing by Dinesh Nair; Editing by Praveen Menon)