uae central bank news
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UAE Central Bank caps mortgages at 50% of property value for expats
Dubai :: United Arab Emirates | 6 months ago
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Emiratis; Banks asked to slash expat mortgages to 40% for second property In a move apparently aimed at eliminating speculators from the real estate market, the UAE's Central Bank has decided to direct banks in the country to cap mortgage lending for
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UAE unemployment issue to be tackled
Abu Dhabi :: United Arab Emirates | 7 months ago
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Though the UAE has one of the lowest unemployment rates in the Middle East and North African region, joblessness among Emirati is at 20 per cent according to the National Statistics Bureau figures released recently. The results have prompt the UAE
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Gulf regulators seek guidance o...
Abu Dhabi :: United Arab Emirates | 7 months ago
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Gulf regulators are seeking advice from a committee that wrote stricter rules on bank capital being introduced on January 1 to ensure Basel III is applied consistently in the region. Basel Committee on Banking Supervision) would be helpful and they
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No UAE bank loans without Emirates ID card
Dubai :: United Arab Emirates | 7 months ago
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Central Bank circular to make ID card mandatory document for all transactions The Emirates Identity Card could soon be one of the must-have documents when applying for a loan or to get other bank services and facilities as well. According to a report
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4 more banks sign agreements with the Debt Settlement Fund for UAE nationals
Dubai :: United Arab Emirates | 7 months ago
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Joining an initiative launched by President His Highness Sheikh Khalifa Bin Zayed Al Nahyan to settle the debts owed by UAE citizens, four more banks operating in the country signed on Saturday agreements with the Debt Settlement Fund for UAE
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UAE Central Bank assets gain AED17bn in 8 months
Dubai :: United Arab Emirates | 8 months ago
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Most of increase was in deposits with other banks and held to maturity securities The UAE Central Bank's assets grew by nearly Dh17 billion in the first eight months of 2012 and the bulk of the increase was in deposits with other banks and held-to-
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Bad loan provisions at UAE banks rise 31%
Dubai :: United Arab Emirates | 9 months ago
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Dh46.5 billion to Dh60.3 billion during the same 12-mointh period. At the same time, the increase in general provisions was less than half that for NPLs, jumping 15.2 per cent, from Dh15.1 billion to Dh17.4 billion in the 12-month period. Month-on-
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Moody's hails UAE Central Bank's new lending tool
Dubai :: United Arab Emirates | 9 months ago
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Rating agency says move is credit positive for banks in UAE A new lending tool announced by the Central Bank last week for banks in the UAE will allow them to borrow funds overnight and such a move is credit positive for the country's 51 banks, Moody'
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UAE Central Bank aims to install discount window for banks
Brussels :: Belgium | 9 months ago
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Monday, Sep 10, 2012 The UAE Central Bank said on Monday it's aiming to make changes to its monetary policy framework by installing a discount window to enable banks to borrow intra-day and overnight funds from the central bank. This planned facility
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UAE bank deposits at Dh1.11t in June
Abu Dhabi :: United Arab Emirates | 11 months ago
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In the same month, total loans and advances increased by 1.5 per cent to Dh1.090 trillion, while bank assets marginally increased by 0.4 per cent to reach Dh1.732.7 trillion. A senior banker linked the decline in deposits to the rise in property
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