Thu, Nov 27, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Finance, Market Moves more

UAE bank tightens bad loan rules to boost transparency

Posted on 16 November 2010

From Gulf-times.com: In a move aimed at improving transparency in the UAE banking sector, all lenders and financial institutions will now be required to make provisions for toxic loans on a quarterly basis, rather than at the end of the fiscal year, according to details from a UAE central bank circular.
The central bank said its review of unclassified loans held by lenders will “also serve as a catalyst for depicting a truly realistic financial position of banks and other financial institutions.”………………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930