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UAE central bank won’t inject cash into banks

Posted on 02 February 2010

From Maktoob.com: The United Arab Emirates has no plans to inject more liquidity into banks, the central bank governor said Monday, after announcing that banks carried on lending during the financial crisis and saw their loans and advances grow 2.5% in 2009.

“It isn’t a very high growth but it indicates the resilience of the U.A.E.’s banking system,” Sultan Bin Nasser Al Suwaidi said at the opening of a Deutsche Bank AG (DB) branch in the U.A.E. capital, Abu Dhabi…………………………………..Full Article: Source

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