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 7503 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
From the Big Screen to Real Life: Tag Heuer Unveils New Monaco Limited Edition At Exclusi... [13048-Views]
Ferragramo Cuir [12682-Views]
3 Essential Styles You Can't Go Without This Summer' [9388-Views]
Heritage Corum Lab 01 Collection [9302-Views]
SPORT TECH 40 MM' [8985-Views]
'Rado Captain Cook Automatic Limited Edition with Travel Case' [8400-Views]
Schneider Electric Improves Flexibility & Energy Savings with Extended Line of PowerLogic ... [6686-Views]
A year on the road: Saudi Women Create First Women's Car Club in the Kingdom [6216-Views]
Restoration by Parmigiani Fleurier [5941-Views]
Hamilton present Ventura collection [5893-Views]
DarkMatter Group Calls for Improved Vigilance as UAE's Cyber-threat Landscape Reaches Crit... [5850-Views]
Forcepoint X-Labs Reveals How Cognitive Bias Leads to Reasoning Errors in Cybersecurity [5710-Views]
Introducing the MK Beach Club Pieces [5569-Views]
Ralph Lauren Presented with an Honorary UK Knighthood [5405-Views]
Absolute New York – Makeup for the Unique and Modern [5392-Views]
Eberhard & Co. Alfa Romeo Limited Edition' [5392-Views]
La Grande Vie by Corum [5319-Views]
M Performance Parts for the all-new BMW X3 M and BMW X4 M [5179-Views]
58 Days of Summer Fun Begin at Modhesh World on Friday [5014-Views]
Ford Edge Rolls into UAE Showrooms with ST Performance Credentials and Segment-First Tech,... [5008-Views]
Add a touch of gold to your skincare regimen for glowing results [4996-Views]
Extensive range of exclusive M Performance Parts further enhance the BMW M8 Coupé and Conv... [4990-Views]
Reduce Your Wrinkles Night After Night! [4648-Views]
Starbucks carves out giant sand sculpture at La Mer [4538-Views]
The Hottest Summer Beauty Picks of 2019 [4368-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories