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ADIB says it has no need to up provisions
- United Arab Emirates: Tuesday, October 13 - 2009 at 09:38
Abu Dhabi Islamic Bank has said it has taken adequate provisions against potential losses and has no need to increase reserves, Reuters has reported. ADIB, along with First Gulf Bank, are the only two Abu Dhabi-based lenders who have not disclosed specific exposure to indebted Saudi groups Saad and Ahmad Hamad Algosaibi.
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StaffTuesday, October 13 - 2009 at 09:38 UAE local time (GMT+4)
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