Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
The Central Bank of the UAE (CBUAE) is closely monitoring Invest Bank's financial developments
 

Dubai, UAE, December 17, 2018:  The Central Bank of the UAE (CBUAE) is closely monitoring Invest Bank's financial developments for some time and has been working with the bank and the Government of Sharjah to develop a plan to strengthen its capital base. In this regard, the Government of Sharjah, is firmly committed to support the bank via a direct equity investment and this plan will be presented at the bank's AGM scheduled for the 29th December 2018 for approval.   

In the meantime, the CBUAE will support Invest Bank with all the available liquidity facilities, which remain at Invest Bank’s disposal; if, and when, needed.   


Posted by : Dubai PR Network Editorial Team
Viewed 9608 times
PR Category : Banking & Investments
Posted on : Monday, December 17, 2018  9:04:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Union Insurance signs agreement with DEWA to provide exclusi...
Next Story : UAE, Saudi Arabia using fintech for cross-border settlements
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Korea's Number One Beauty Brand Innisfree All Set to Celebrate the Grand Opening at the Du... [9412-Views]
6 Trends That Will Dominate Beauty in 2020 According to Foreo [8479-Views]
Made in Italy: Top Picks from the Latest Deborah Milano Make-Up Range [8442-Views]
Sephora: Are You Ready to Join the #SephoraSquad? [8253-Views]
Emirates Post Issues Set of Commemorative Stamps for the New Logo for People of Determinat... [8223-Views]
How to Beat Pigmentation with DERMAdoctor [8223-Views]
Introducing Zeitun Premium Face Care Collection [8009-Views]
Spoil her this Mother's Day with gifts from Marks & Spencer [7735-Views]
Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary [7485-Views]
Cerruti 1881 - Special Product Launch for Mother's Day [7283-Views]
Achieve Gorgeous and Radiant Skin in Only 90 Seconds [6838-Views]
Enjoy a Selection of Anti-Aging Products from Beauty Solutions [6789-Views]
Swatch X 007 Introducing the New James Bond Collection and Limited Special Edition [6088-Views]
Marks & Spencer, Britain's Best Loved Denim [5789-Views]
Ferragamo Sapphire Collection [5734-Views]
Tag Heuer Opens Boutique at Mall of the Emirates [5496-Views]
HRH the Prince of Wales Officially Opens the National Automotive Innovation Centre [5460-Views]
Dubai Chamber Honours Top-performing Trading Companies [5411-Views]
TBO Holidays Hotel XML API Integrated with TassPro and Itinerary HomePR & EventsTBO Holida... [4746-Views]
The Award-winning #burjumanfoodart Festival is Back by Popular Demand! [4575-Views]
HH Sheikh Mansour bin Mohammed Visits Dubai Sports Council [4459-Views]
Marks & Spencer Unveils its All New Menswear [4264-Views]
Etihad Airways to Operate Special Flights From Al Ain to Jeddah During Ramadan [4154-Views]
Mall of Oman Onboards a Host of Global Lifestyle, Fashion, and F&B Brands Ahead of Its 202... [4069-Views]
Visit of Punjab Minister at Al Maya Stand @ Gulfood 2020 [3977-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories