NBAD (UAE) takeaways: Safety and cost optimisation are priorities
- Reiterated guidance: Tier 1 ratio above c15.0% (2015: 15.7%), ROE aspiration: 15.0% (2015: 12.9%), Cost base to remain stable (2015: 39%) - Mid-single digit growth in revenue earnings and balance sheet; Stronger growth in the investment book relative
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