October 24, 2019 / 9:43 AM / 20 days ago

UAE c.bank proposes new real estate lending rules for banks

ABU DHABI, Oct 24 (Reuters) - The United Arab Emirates’ central bank is proposing new regulatory measures to prevent banks from having excessive real estate exposure and encourage them to maintain diversified assets, a statement from the central bank said.

Banks are expected to respond to the new proposal by October 31, it said. (Reporting By Stanley Carvalho; Editing by Saeed Azhar)

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