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Islamic Finance Briefing - Categorized | Banking, Market Moves more

UAE banks pump funds into Central Bank to avert risks

Posted on 05 January 2011

From Emirates247.com: UAE banks are turning heavily to the Central Bank to invest excess liquidity and offset a sharp slowdown in their credit to the private sector which they now see as a high-risk field, financial analysts said on Tuesday.

At the end of November, their investment in the Central Bank’s certificates of deposits climbed to their highest level of around Dh92.8 billion in nearly two years, indicating the banks are awash with liquidity but are reluctant to reopen their lending purses to the private sector, they said…………………………………….Full Article: Source

 
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