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‘UAE borrowing costs may decline’ - Emirates NBD

Posted on 27 July 2010

From Arabianbusiness.com: UAE interest rates charged by banks may decline in the second half as liquidity improves and competition to win deposits eases, Rick Pudner, chief executive officer, Emirates NBD, said.
Many of the country’s banks have worked over the last year “to increase the levels of liquidity and deposits,” Pudner said on a conference call today, after announcing the bank’s second quarter results……………………………………….Full Article: Source

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