Monday, 28 February 2011

U.A.E. Central Bank Would Like 85% Loan-Deposit Ratio, Gulf Says - Bloomberg

The United Arab Emirates central bank would be happy to see a loan-to-deposit ratio of 85 percent for the country’s banking system, Gulf News reported, citing governor Sultan Bin Nasser al-Suwaidi.

Banks in the federation had a loan-to-deposit ratio of 98.3 percent at the end of December, according to central bank data.

Al-Suwaidi also told a news conference that U.A.E. banks’ performance this year will be similar to 2010 and distribution of dividends shouldn’t exceed 50 percent of their profit last year, the Dubai-based newspaper reported.

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