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UAE banks are prepared for any fresh crisis: Central Bank

Posted on 20 December 2011

UAE banks have built up sufficient reserves and boosted their capital base after the 2008 global financial distress and this will enable them to withstand a fresh crisis in the future, the central bank chairman has said.
Khalil Foulathi said stress tests conducted by the International Monetary Fund on the UAE’s 23 national banks and 28 foreign units showed they are highly capitalized and in a “good health.”……………………………………….Full Article: Source

 
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