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UAE lenders cut loan-loss provisions by 13% in 2012
UAE banks significantly reduced existing high provisioning levels by 13 per cent, while at a collective GCC level, provisions for bad loans picked up by two per cent as Gulf banks continued to outperform international lenders despite single-digit growth in both revenue and profit in 2012. “While the performance of…
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Click here to read the full story: Khaleej Times