Tuesday 4 January 2011

gulfnews : UAE bank provisions up 48.3%

General provisions taken by banks in the United Arab Emirates increased by 48.3 per cent in November, compared with the same month a year ago, UAE central bank monthly data showed yesterday.

General provisions in November reached Dh13.8 billion, according to data posted on UAE's central bank website.

The central bank said that loans and advances made by banks increased by 0.3 per cent during November, and rose by 2.3 per cent during the first 11 months of 2010.

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