MORE FROM Finance

UAE banks are in ‘good position’

Banking and Finance

UAE banks are in ‘good position’

The UAE Central Bank on Saturday declared a Dh3.7 billion net profit for the fiscal year 2011. Banks in the country are in a good position and should not be negatively impacted by the recent turmoil in international markets, the Central Bank said in a statement issued after the board of directors’ meeting.

Banking and Finance