Dubai Emirates NBD took a conservative stand on its provisioning policy in the third quarter of 2011 as it expects a moderate increase in its non-performing loans (NPLs) ratio in the next two years, bank officials said.

The bank reported an impairment charge of Dh1.57 billion in the third quarter of 2011 driven by a specific provision of Dh950 million made in relation to the Dh4.7 billion exposure to a Dubai-based government related entity (GRE)………………………………………Full Article: Source