Thursday, Apr 25, 2013
DUBAI (Zawya Dow Jones)--Emirates NBD (EMIRATES.DFM), Dubai's largest bank, on Thursday said it repaid 3 billion U.A.E. dirhams ($817 million) to the United Arab Emirates' Ministry of Finance, the latest domestic lender to return the state support it received during the financial crisis aimed at shoring up the banking sector.
ENBD said it repaid AED3 billion to the Ministry of Finance in April, according to a presentation accompanying its first-quarter results, published on its web site.
Several other U.A.E. banks, including National Bank of Abu Dhabi, First Gulf Bank and Abu Dhabi Commercial Bank have in recent weeks said they are repaying the government support funds, taking advantage of improved sentiment and lower funding costs.
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(END) Dow Jones Newswires
25-04-13 0736GMT
