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Emirates NBD to raise $817m in 2010

Posted on 26 March 2009

From Tradearabia.com: Emirates NBD will need to raise about Dh3 billion ($816.8 million) in 2010 to meet central bank requirements to increase its capital adequacy ratios, its chief financial officer said on Wednesday.

‘To reach the 12 per cent (adequacy ration) in June 2010, it will be under Dh3 billion,’ Sanjay Uppal told reporters…..Full Article: Source

 
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