Emirates NBD Dubai World exposure

[bandakok]

The stock has been hitting bottom daily now, with no much activity but many sellers are waiting on the sideline.
Did ENBD give a statement on how much is their exposure to DW ?

[sharewadi]

I haven't seen any information about Emirates NBD (ENBD) exposure to Dubai World (Dubai World) loans. Only National Bank of Abu Dhabi (NBAD) and Commercial Bank International (CBI) have released proper details so far that I have seen, although I read today that the UAE Central Bank have requested UAE banks to disclose their exposure. It's a poor reflection on bank attitudes to transparency and disclosure that the CB even had to ask. See also

Dubai World UAE bank meeting
Dubai World bond
UAE bank ratings - downgraded

Have moved topic to Emirates NBD forum. Seems to be more relevant than the Emaar Properties (EMAAR) forum, unless I'm missing something ?
_________________
UAE IPO list | posting guidelines

[J.R.]

S.W.

As far as I know they are exposed
But they are worried about the downgrading.

But it's not confirmed information.
_________________
Insiders information is running the market.

[sam111sam]

Only two banks from the UAE were included with the other 4 multinational banks on the debt restructuring talks..ENBD and ADCB

As per CNBC web site, ENBD total exposure to DW is about $3B