VOL. XXXV

NO. 40

6-JULY-1992

Financial and Banking News

Financial Policy

UAE Central Bank Chairman Urges Banks to Improve Capital and Cut Lending

The Chairman of the Central Bank of the UAE, Mr. Muhammad 'Ubaid Muraikhi,has called on local banks to reduce their lending and improve their capitaladequacy ratios. Mr. Muraikhi's statement, made on 27 June, was his first majorpolicy speech since his appointment at the end of last year. Referring to theBasle guidelines on risk weighted capital adequacy,...