Browse
related articles
Moody's: UAE banks must set aside more provisions
- United Arab Emirates: Sunday, October 04 - 2009 at 09:45
Moody's Investor Service has said that UAE banks have not set aside enough money to cover for potential losses in the property sector, The National has reported. "We are still seeing low numbers here, basically around 2.5% loan loss provisions to total loans," Mardig Haladjian, head of Moody's GCC banking team said. "Given the deterioration that we have seen, and expect to see, particularly in exposures to property, one would expect provisions to have increased more aggressively."
Also consider reading:
Today's top stories
Week's top stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
- » H.H Sheikh Mohammed Bin Saud Al Qasimi, visited the Ras Al Khaimah International Airport
- » Fitch: Abu Dhabi support remains selective
- » Ramada Hotels and Suites Ajman hosts the teams of ACC T20 Championship
- » Blom Bank awarded 'Best Bank in Middle East and Best Bank in Lebanon 2009' by The Banker Magazine
- » Fitch places four Dubai-based banks' Individual ratings on Watch Negative
StaffSunday, October 04 - 2009 at 09:45 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