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Monday, 22 June 2009

Emirates NBD sees pressure on earnings

Emirates NBD, the Gulf region's biggest bank by assets, sees earnings under pressure from non-performing loans during the economic crisis, the group's chief financial officer said on Monday.

"As we go through the year, we will see the materialisation of non-performing loans," chief financial officer Sanjay Uppal told the news agency Reuters.

"As that happens, there will be some impact on the sustainability of the earnings level, we will see a certain amount of pressure," Uppal said in an interview with Reuters Financial TV.

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