Wednesday 23 May 2012

Some 20 pct of MENA banks face capital shortfall -report - Yahoo! News Maktoob

Fresh capital could be needed by up to 20 percent of banks in the Middle East and North Africa (MENA) to safely meet requirements under the global Basel III banking rules, a research report from Arqaam Capital said on Wednesday.
Of the 54 banks covered by the firm, seven were considered to be undercapitalised, including the largest lenders in Dubai and Bahrain - Emirates NBD and Ahli United Bank
A further five banks, including Kuwait's biggest Islamic bank, Kuwait Finance House, and Commercial Bank of
Qatar, the state's second-largest conventional bank, risked requiring more capital due to paying out high dividends.

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