Thursday 22, April 2010 by
UAE Banking Indicators show provisions up 70.5 per cent
The Central Bank of the UAE (CBUAE) showed specific provisions for non-performing loans (NPLs) up 58.8 per cent to AED34.4 billion ($9.2 billion) and general provisions up 114 per cent to AED 13.7 billion ($3.65 billion). Provisions rose by 11 per cent in Q1 2010 alone.
