National Bank of Abu Dhabi still 'selectively' lending in Dubai

Dubai at night

The National Bank of Abu Dhabi will continue to extend loans to clients in Dubai "selectively", despite the request by the gulf emirate's flagship entity, Dubai World, for a debt standstill, which has created a $345 million exposure for the bank in the entity's property arms.

Speaking at a press conference on Thursday to announce the opening of the Abu Dhabi government-owned bank's first Asian branch in Hong Kong, group chief executive Michael Hardwick Tomalin said the bank's lending policy

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: