Dubai banks ENBD, CBD in talks to raise up to $1.7b in loans | GulfNews.com:
"Emirates NBD (ENBD), Dubai’s largest bank, and Commercial Bank of Dubai (CBD) are both talking to banks to raise a combined total of up to $1.7 billion (Dh6.2 billion) in loans to refinance existing debt, sources close to the matter said.
They are the latest lenders striving to raise funds from the market as liquidity comes under pressure from lower oil prices.
The banking system has been hit by governments withdrawing deposits to cover budget shortfalls, while borrowing costs have risen as investors price regional debt higher."
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