Financial and Banking News

UAE BANKS FACE INTEREST DILEMMA

A big increase in loan loss provisions by the National Bank of Abu Dhabi (NBAD) was one of the principal features of its 1985 results released last week (see following report), focusing attention on what has become a major source of concern to bankers in the UAE: how to provide adequately for possible loan losses in the legal fog which has enveloped the issue of compound interest. MEES Associate Editor Mehran Nakhjavani was...