Lloyds TSB, HSBC scale back UAE lending

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Wednesday 12, November 2008 by

Lloyds TSB, HSBC scale back UAE lending

HSBC, Europe’s largest bank, has doubled the salary requirement on its personal loan offering. The bank will now only consider offering personal loans to borrowers in the UAE who earn a minimum of AED 20,000 ($5,445) per month. HSBC had already doubled the personal loan threshold to AED 10,000 from AED 5,000 early in October.

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