Hussain Al Qemzi, the chief executive of Noor Islamic Bank, believes that fully complying with the Central Bank's new lending limits could take as long as three years.
Topic Dubai Holding Central Bank of the UAE Emirates NBD Noor Islamic Bank NBAD
In April, the Central Bank gave lenders six months to curtail lending to governments and their commercial holding companies .
The deadline to implement the rules passed 10 days ago, but several banks admit they are in breach.
No comments:
Post a Comment