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Mashreq bank restructures its asset book

Posted on 09 November 2009

From Business24-7.ae: Mashreq, the largest private sector bank in Dubai, has restructured its asset book significantly by moving an additional Dh13.7 billion to the Central Bank and increasing loans to government and public sector entities byDh4.25bn, an analysis of the balance sheet said.

Thus the total funds between Central Bank deposits and loans to government and public sector entities have surged by about 250 per cent during the nine months, from Dh12.236bn as of December 31, 2008, to Dh30.239bn as of September end…………………………Full Article: Source

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