Financial and Banking News

Budgets & Revenues

Central Bank Of The UAE Introduces New Loan Limits For Banks

Banks in the UAE will not be able to make loans which are larger than 7% oftheir paid-up capital, according to a new Central Bank ruling issued on 16October. The ruling will take effect at the beginning of 1994. Interbank loanswill be limited to 30% of capital, and loans by branches of international banksto their parent institutions will be limited to 20%...