Browse
related articles
UAE Central Bank action may not spur lending until 2010
- United Arab Emirates: Sunday, September 06 - 2009 at 12:49
The UAE Central Bank's revamp of the banking panel that sets interbank rates and its other efforts to spur lending may not have any effect until next year, bankers and analysts said. The central bank last week restructured the rate-setting panel of banks in a bid to cut the cost of interbank lending as it eased rates on liquidity support facilities. The new panel, due to start work this month, adds four new local banks and drops two international lenders. The central bank also modified its capital adequacy formula for banks in a move intended to boost liquidity. But bankers say the central bank's measures merely address short-term liquidity issues and are unlikely to have an impact this year. (Mac Capital Advisors)
Also consider reading:
Today's top stories
Week's top stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
- » Ford 2011 Mustang to have new engine
- » Dubai World: Official statement on debt obligations
- » Moody's: Dubai World restructuring unlikely to threaten sovereign credit of UAE and Abu Dhabi
- » Dubai World to restructure $26bn Nakheel, Limitless debt
- » More than $147bn committed to development of the Middle East's road, rail and public transport infrastructure
StaffSunday, September 06 - 2009 at 12:49 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 / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
It looks like you are using a Mac - check out our 
Web Feeds