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Islamic Finance Briefing - Categorized | Banking, Finance more

UAE: Banks ease up on lending

Posted on 18 June 2009

From Khaleejtimes.com: In a fresh sign that property prices in the UAE may have hit bottom, more banks are relaxing their lending limits for mortgages and are seeing an increase in their overall mortgage business.

HSBC now lends up to 75 per cent of a property’s value, whereas until April it lent only as much as 50 per cent of the value. Other banks have followed in HSBC’s footsteps………Full Article: Source

 
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