New loan regulations

Recent restrictions placed by the Central Bank on loan ceilings have left many local and international banks in the UAE clamouring to deal with the new regulations. Most notable in the changes are limitations on the amounts that banks can loan to companies and businesses. However, these new rules are leaving banking giants, such as the National Bank of Abu Dhabi (NBAD) having to adjust their existing practices. The banks have asked for some leniency or extensions concerning the newly introduced restrictions.