26.10.2011 - Emirates NBD expects slight increase in bad loan ratio
Dubai Emirates NBD took a conservative stand on its provisioning policy in the third quarter of 2011 as it expects a moderate increase in its non-performing loans (NPLs) ratio in the next two years, bank officials said. The bank reported an impairment charge of Dh1.57 billion in the third quarter of 2011 driven by a specific provision of Dh950 million made in relation to the Dh4.7 billion exposure to a Dubai-based government related entity (GRE).............................................Full Article: Source
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