Browse
related articles
UAE mulls new system for grading loans
- United Arab Emirates: Tuesday, October 27 - 2009 at 11:03
The UAE's central bank has sent a circular to all banks in the country informing them of plans to introduce a new system for classifying loans and provisions, according to al-Khaleej daily. Investment and finance institutions in the UAE have been given until Wednesday to provide their feedback on the plans. The draft regulation specifies five loans categories ranging from 'normal', 'being monitored', 'below normal', 'recuperation doubtful' and 'lost loans', the report said.
Also consider reading:
Today's top stories
Week's top stories
Browse
related articles
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.
Staff
