VOL. XXXI
NO. 17
1-FEBRUARY-1988
Financial and Banking News
REGIONAL BANKING
Provisions for Bad Debts Total $4bn in UAE at End of 1987
The Governor of the Central Bank of the UAE, Mr. 'Abd al-Malik al-Hammar,said last week that provisions for bad and doubtful debts by commercial banks inthe UAE totalled Dhl5bn ($4.08bn) in the last quarter of 1987, representingDh7.5bn in principal payments and Dh7.5bn in accumulated interest. According toAbu Dhabi press reports, some banks have already submitted...
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