Reuters: US Dollar Report: UAE c.bank sets loan limits for state-linked firms

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UAE c.bank sets loan limits for state-linked firms Apr 5th 2012, 12:45 Thu Apr 5, 2012 9:26am EDT DUBAI, April 5 (Reuters) - The United Arab Emirates' central bank said on Thursday it had amended large exposure limit rules for commercial banks, introducing new caps for loans made to local governments and their entities. The regulator set new limits of 100 percent of the capital base for all lending by a bank to governments of the seven-member UAE federation and their non-commercial entities, and 25 percent to individual borrowers. It also adjusted a range of other percentage limits, including for commercial government-related entities, it said in a circular issued to banks on April 4 and visible on the central bank's website on Thursday.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions