| 08.12.2011 - Emirates NBD may need to set aside $2.2bln for bad loans |
| Emirates NBD, the UAE's biggest bank by assets, may need to set aside as much as AED8bn ($2.2bn) by the end of 2013 to cover for bad loans, Goldman Sachs said. “Looking at the guidance provided on asset quality trends, we calculate a provisioning range of AED6-8bn is required between the fourth-quarter of 2011 and the fourth-quarter of 2013,” analysts including Waleed Mohsin and Ali Shekofti wrote in a report dated Wednesday...............................................Full Article: Source |