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Islamic Finance Briefing - Categorized | Banking, Performance more

Mounting debt costs to haunt Emirates NBD

Posted on 19 December 2011

The cost of covering mounting debt is expected to eat into profits at Emirates NBD for years to come, analysts warned as they slashed estimates for the UAE’s biggest bank.
HC Securities lowered its target price by 20.4 per cent to Dh3.90 yesterday after warnings from the bank’s management that higher provisions for bad debts may be necessary………………………………………..Full Article: Source

 
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