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Islamic Finance Briefing - Categorized | Banking, Performance more

Dubai’s ENBD says bad loans, Dubai World hit Q3

Posted on 26 October 2010

From Reuters: Dubai-based Emirates NBD said a spike in bad loans and a provision for its exposure to debt-laden Dubai World more than halved its third-quarter net profit to well below analysts’ forecasts.
Chief Executive Rick Pudner also poured cold water on recent newspaper reports that Emirates Islamic Bank, ENBD’s shariah-compliant business, has plans to buy Dubai Bank and Amlak, two local lenders……………………………………….Full Article: Source

 
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