Emirates NBD Bad Loans 
at ‘Acceptable Level’

DUBAI — Emirates NBD PJSC’s non-performing loans are within the “acceptable level,” said Ahmed Humaid al- Tayer, chairman of the United Arab Emirates’ biggest bank.

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By (Bloomberg)

Published: Wed 10 Feb 2010, 10:58 PM

Last updated: Mon 6 Apr 2015, 4:46 PM

When asked whether he expects Emirates NBD’s bad loans to increase this year, Al Tayer said he didn’t think so. “I think it is within the acceptable level. We are complying with the central bank.” Non-performing loans in the U.A.E. probably will rise to about 6.4 per cent this year from 4.4 per cent in 2009, Saeed Abdullah Al Hamiz, senior executive director of the banking supervision department at the central bank, said in Abu Dhabi earlier today. Such an increase is “natural” in current global economic conditions, he said.—

(Bloomberg)

Published: Wed 10 Feb 2010, 10:58 PM

Last updated: Mon 6 Apr 2015, 4:46 PM

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