VOL. XXXVI

NO. 36

7-JUNE-1993

Financial and Banking News

REGIONAL BANKING

UAE Banks Required To Publish Interest Rate Calculations

All banks operating in the UAE are now required to show their customers howinterest charges on personal loans are calculated. A new regulation from the UAECentral Bank mandates that the information should be displayed on a visibleboard at each bank branch. In the past, some banks have offered personal loansat rates of interest which appeared lower than that charged by...