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Bahrain banks told to raise H1 provisions
- Bahrain: Tuesday, September 29 - 2009 at 09:13
Commercial banks in Bahrain have been advised by the kingdom's central bank to boost their provisions to two troubled Saudi firms in the first half, Reuters has reported. "We have advised banks for (first) half year results to up the provisions to 50% of exposures to the groups," Rasheed al-Maraj, governor of the central bank of Bahrain said.
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