By: Amr Adel
Abu Dhabi - Mubasher: RAK Bank is targeting to double its market share of mortgage loans in the UAE market during the next three years, CEO, Peter England, said on Tuesday.
In statements on the side-lines of a press conference in Dubai, England said that RAK Bank’s stake of mortgages inside the UAE reaches 12%, and the bank is aiming to increase this stake between 20% to 24% in 2019.
England expected a growth in demand for mortgages in light of the decline in prices.
Translated by: Elwy el-Manzalawy
