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More loan write-offs seen by UAE banksBanks 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 More… |
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UAE banks slash loan provisions, write off $3.7bnUnited 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 More… |
