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UAE banking sector is well capitalised: Shuaa

Posted on 02 August 2010

From Khaleejtimes.com: The UAE banking sector is “sufficiently capitalised,” but several banks would need additional capital injections to meet the Central Bank’s regulatory requirements, analysts at Dubai-based Shuaa Capital said in a stress-test report on Sunday.
UAE authorities have the capacity to recapitalise banks if necessary, and they should take additional measures to strengthen banks’ balance sheets, restore confidence and encourage banks to resume lending to households and businesses, the Dubai-based investment services provider said……………………………………….Full Article: Source

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