Sunday 08, February 2009 by
Abu Dhabi banks stronger as a result of govt boost
Fitch Ratings said the announcement of an AED 16 billion ($4.3 billion) capital injection for five Abu Dhabi-based banks by the government of Abu Dhabi will strengthen the capitalisation of the banks at a time of increasing global economic uncertainty. It also leaves other banks in the UAE looking potentially more vulnerable in the event of a significant domestic downturn.
