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UAE banks await guidelines on provisions

Posted on 03 July 2009

From Gulfnews.com: UAE banks are unlikely to take loan-loss provisions in the second quarter on troubled Saudi groups Saad and Alghosaibi as they await directives from the Central Bank, bankers said.

The UAE Central Bank is expected to review exposure reports submitted by banks and advise them on how to provision against potential losses, they said……….Full Article: Source

 
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