New personal lending regulations introduced by the Central Bank earlier this year are expected to curb retail loans although banks in the UAE now have sufficient liquidity, a prominent banker has said.
Michael Tomalin, CEO of the government-controlled National Bank of Abu Dhabi (NBAD), said the liquidity situation in the UAE banking sector, the largest in the Arab world, has dramatically changed compared with 2010.
He said the sector suffered from a liquidity crunch through 2010 while high oil prices and a surge in capital inflow reversed that situation this year.
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