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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: