Monday 28 July 2014

More loan write-offs seen by UAE banks

Banks in the United Arab Emirates may need to write-off more loans this year given the expected rise in non-performing loans, a central bank official said on Tuesday.  On Monday, the United Arab Emirate's central bank governor sai


UAE banks slash loan provisions, write off $3.7bn

United Arab Emirates banks cut provisions for non-performing loans by about 40 percent in the second quarter to their smallest since at least 2003, after writing off an estimated $3.7 billion, central bank data showed. Some of the loans we

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