19.12.2011 - Amlak deal would hit ENBD Tier 1: broker
Emirates NBD could see its Tier 1 capital ratio fall by nearly 1.1 percentage points if it is forced to absorb embattled property lender Amlak Finance, HC Securities said on Sunday. ENBD, which is 56-per cent owned by the government of Dubai, has already taken on one debt-ridden financial institution, Dubai Bank, at the behest of the authorities -- resulting in a Tier 1 drop of 1 percentage point under the Bank of International Settlements (BIS) ratios, the brokerage said in a research note...............................................Full Article: Source
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