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UAE Banks To Make Dh3bn In Dubai World Provisions

The Uae Banks could book up to Dh3 billion in provisions related to Dubai World's debt restructuring in the second half of this year, dampening the banking industry's performance, according to investment bank Shuaa Capital.

Sofia El Boury, a banking analyst at Shuaa Capital's Research Department, said all of the UAE banks have not come clear on their exposure to Dubai World "provisions which could range between Dh2 billion to Dh3bn in the second half considering the latest data."



This post first appeared on Gowealthyrealestate, please read the originial post: here

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UAE Banks To Make Dh3bn In Dubai World Provisions

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