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Islamic Finance Briefing - Categorized | Banking, Performance more

Gulf banks face bad loan fallout

Posted on 14 July 2009

From Thenational.ae: Gulf banks with exposure to bad property loans could be forced under or require government funds to survive, according to the company that is restructuring Lehman Brothers.

Alvarez and Marsal, which is advising on Lehman, the world’s biggest bankruptcy, expects local lenders to face increasing exposure to property-related distressed debt this year………Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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