Monday 11 June 2012

U.A.E. May Exclude Bonds From Bank Lending Limit, Khaleej Says - Bloomberg

The United Arab Emirates central bank may exclude bonds from a limit imposed on banks lending to local governments and related entities, Al Khaleej reported, citing people it didn’t identify.
Such lending mustn’t exceed 100 percent of banks’ capital, the central bank said on April 4. There was no limit under previous rules.

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