UAE central bank launches lending cap consultation

The Central Bank of the UAE

The Central Bank of the UAE has responded to a call from the Emirates Banks' Association (EBA) to delay a cap on mortgage lending, by launching a consultation exercise aimed at learning more about the potential impact of planned new rules.

Last week, the EBA sent a proposal to the central bank recommending some amendments to the rules set out in a central bank notice on maximum loan-to-value (LTV) ratios permitted for mortgage loans to United Arab Emirates (UAE) nationals and expatriates living

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