“… We pride ourselves on delivering high value legal services. Excellence is our Minimum Standard.”
The UAE banks continued to remain well capitalised in 2013 with overall capital adequacy ratio in excess of the central bank requirements.
Emirates NBD?s total capital adequacy ratio and Tier 1 capital ratio were 19.6 per cent and 15.3 per cent respectively at the close of 2013.
During the year ADCB?s capital and liquidity remained strong with capital adequacy ratio of 21.21 per cent and Tier 1 ratio of 16.62 per cent.
Irrespective of the size of the balance sheet, banks across the country reported stronger balance sheet and capital levels in 2013. Mashreq?s capital adequacy ratio and Tier 1 capital ratio continue to be significantly higher than the regulatory limit and stood at 18.2 per cent and 16.4 per cent respectively, at the end of December 2013.