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Islamic Finance Briefing - Categorized | Banking, Market Moves more

ENBD to pay for exposure to state-linked firms

Posted on 15 February 2012

Emirates NBD, Dubai’s largest bank, will see its quarterly results hit again by its exposure to state-linked companies, in the latest sign of the toll taken by its status of the emirate’s lender of last resort.
The bank, formed at the behest of Dubai’s ruler in 2007 through the merger of Emirates Bank and National Bank of Dubai, reports fourth-quarter results on Wednesday………………………………………..Full Article: Source

 
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