WAM | Central Bank passes its 2013 budget

The Board of Directors of Central Bank of the UAE reviewed AND adopted the Bank's budget for the fiscal year 2013.

A bank press release said the budget, passed on the 8th meeting for the year 2012, envisages total revenues of AED 3,886 million, total expenses of AED 886 million with estimated net profit of AED 3,000 million, compared to AED 3,700 million estimated net profit for 2012.

The Central Bank Board of Directors reviewed banks feedback on the amendments to the Large Exposures Regulation, and decided to postpone implementation of the regulation until all items of the regulation are reviewed with banks.

* username: rupertbu