U.A.E. May Exclude Bonds From Bank Lending Limit, Khaleej Says

The United Arab Emirates’ central bank may exclude bonds from a limit imposed on banks’ lending to local governments and related entities, Al Khaleej reported, citing people it didn’t identify.

Such lending mustn’t exceed 100 percent of banks’ capital, the central bank said on April 4. There was no limit under previous rules.

To contact the reporter on this story: Tamara Walid in Abu Dhabi at twalid@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net