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UAE looks to bridge $30bln loan-deposit gap

Posted on 10 March 2009

From Tradearabia.com: Loans at United Arab Emirates’ banks exceeded customer deposits by Dh110 billion ($29.95 billion) and the government was looking for a way to bridge the gap, the UAE central bank’s governor said on Monday.

‘The current situation requires a stimulus plan for banks and the economy in view of this ‘gap’ which could be bridged in collaboration with the Ministry of Finance,’ said Sultan Nasser Al-Suweidi, according to state news agency WAM….. Full Article: Source

 
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