UAE banks tipped to ride out euro crisis - The National

The Central Bank has dismissed fears local lenders could suffer aftershocks from any European banking crisis.

The comments yesterday came even as concerns mounted over the health of some European lenders amid expectations of a Greek default.

The UAE's banks are "in a good position" and "should not be negatively impacted by the recent turmoil in international markets", the Central Bank's board of directors said, according to Dow Jones.

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