03.08.2009 - Abu Dhabi banks set aside funds for doubtful debts

From Ameinfo.com: The five Abu Dhabi banks have set aside Dhs5.53bn to cover losses or emergency requirements such as exposure to Algosaibi and Saad groups or other doubtful debts. The banks include the National Bank of Abu Dhabi (NBAD), Abu Dhabi Commercial Bank (ADCB), First Gulf Bank (FGB), Union National Bank (UNB) and Abu Dhabi Islamic Bank (Adib)........Full Article: Source

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