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UAE banks' assets climb 7%

UAE banks increased their balance sheets by seven per cent year-on-year to Dh2.431 trillion in August, latest data from the Central Bank of the UAE revealed. Allocations for general provisions, meanwhile, were hiked by by 16.9 per cent year-on-year in the month to Dh25.5 billion from Dh21.5 billion. Specific provisions…

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Click here to read the full story: Khaleej Times

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