image description
image description
Tell A Friend

FinancialNews


  • 25-04-10

    UAE bad debt provisions rise 2.4% in March

    (MENAFN) The Central Bank of the UAE said that the country's banks saw a 2.4 percent rise in provisioning levels for non-performing loans to $9.37 billion in March, Reuters reported. Bad loan provisions registered their highest level since at least December 2008, data showed. UAE banks' problem debt provisions reached $9.37 billion by March-end compared to $9.14 billion at the end of February. Data also showed that bank deposits grew to $263.3 billion from $260.9 billion at the end of the previous month. UAE's domestic banking sector has been struggling with the breakout of the global financial crisis and a local property market slump, as well as the restructuring of Dubai's flagship conglomerate Dubai World.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved