U.A.E. Plans to Loosen Cap on Bank Lending to Property Industry
- Current 20% limit on loans to property industry to be raised
- But banks that exceed current cap will incur a capital charge
Dubai, United Arab Emirates.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
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The United Arab Emirates’ central bank is working on new rules that will loosen the cap on bank lending to the struggling real-estate industry.