Financial and Banking News
UAE Commercial Banks Urged to Make Provision for Bad Debts In 1986 Results
The UAE Central Bank has issued new directives urging all commercial banksoperating in the UAE to make adequate provision for bad and doubtful debts inreporting their 1986 financial results. The Bank has called on bank auditors toreevaluate all real estate, stocks and other instruments of commercial banks atrealistic market prices, and has reiterated...
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