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Real estate and construction accounted for about 20% of banks’ gross loans at the end of the first quarter, Fitch said.

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Fitch warns ‘significant portion’ of Dubai debt may need restructure

Written by Bloomberg

Wed 25 Sep 2019Wed 6 Oct 2021

Banks are at risk once again due to falling home prices and non-performing loans, the ratings agency said

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The Sharjah-based bank – which is 15.5 percent owned by Sharjah-based International Private Group – has been hit by high levels of non-performing loans, in part because of its exposure to the real estate and construction markets.

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UAE Central Bank to support Invest Bank with ‘all available liquidity facilities’

Written by Bernd Debusmann Jr

Mon 17 Dec 2018Wed 6 Oct 2021

Invest Bank’s board of directors will recommend the injection of Sharjah government capital at an upcoming meeting