Markets

Sep 28: Lower lending is 'demand' problem in UAE

Barclays is confident the worst is behind its emerging markets commercial banking division, the only part of the bank to lose money in the first half of the year. Vinit Chandra, CEO of commercial and retail banking at Barclays Emerging Markets, explains which markets underperformed. One of those problem areas was the UAE and Mr Chandra discusses the problems banks face with opaque family owned groups and how low lending was a demand problem rather than a supply issue.