close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

UAE’S NBAD Partly Repays Post-Dubai World Government Support

200-nbad-logo

National Bank of Abu Dhabi , the largest lender by market value in the United Arab Emirates, has repaid 1 billion dirhams ($272.3 million) of subordinated notes to the country's Ministry of Finance, it said on Thursday.

0

August 19, 2012 8:08 by



The sum was part of 5.6 billion dirhams provided by the government in January 2010 as part of a wider move to support the UAE banking system in the aftermath of Dubai World’s 2009 $25 billion debt restructuring standstill request.

 

Under the plan, the UAE authorities provided additional Tier 2 capital, in the form of subordinated notes, to every bank in the country to strengthen their capital bases and head off any solvency concerns after the Dubai World news.

 

The 5.6 billion dirhams of subordinated debt consisted of a seven-year bond paying a coupon of 4.5 percent. After the notes were absorbed into the bank’s capital structure, it took its capital adequacy ratio to 23.5 percent. ($1 = 3.6730 UAE dirhams) (Reporting by David French; Editing by Amran Abocar)



0

Leave a Comment