Nathani discussed the bank's financial performance for the first half of 2014 and expectation about the second half of the year in the
Talking about the bank's financial result for the first six months, he said the five per cent decline in profit wasn't a surprise for the bank and it was in line with the bank's expectations.
Citing reasons, he said: "Due to margin compression, we see a drop in revenues." Globally, the bank reported
Responding a question about the bank's expectation for the second half, the chief executive said: "At least in line with H1, if not better."
"It can be similar or slightly down compared to last year."
Nathani said trade finance is a very important product for the bank and it will continue to compete in this segment. The market is very competitive because of margin compression, he said, adding: "Margin compression usually doesn't last too long, maybe six to nine months." He welcomed the new regulations issued by the
He appreciated the measures taken by the central bank for the property market. The increase in the transfer fee by the
On Islamic banking, he said it is growing very rapidly in the
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