Browse
related articles
ADCB stops Hydra Village loans
- United Arab Emirates: Thursday, May 21 - 2009 at 12:56
Abu Dhabi Commercial Bank (ADCB) has announced that it will no longer offer mortgages for properties in the Hydra Village development, The National has reported. Arup Mukhopadhyay, head of retail banking at ADCB has said that the bank has a pre-decided limit on the amount of exposure it takes on for every developer and project. 'Hydra has reached that limit, and we will not take on any new mortgage cases,' Mukhopadhyay said. ADCB was the main mortgage provider to the project, which is facing a two-year delay.
Related Content
Article Options
StaffThursday, May 21 - 2009 at 12:56 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
