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Emirates NBD’s capital issuance creates more buffer against impairments
Emirates NBD’s recent issuance of $750 million Additional Tier 1 (AT1) capital will boost its buffer against a potential surge in provisions, rating agency Moody’s said. “The issuance is credit positive because it increases Emirates NBD’s regulatory capital buffers in a difficult operating environment,” said Mik Kabeya, an analyst at…
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Click here to read the full story: Gulf News