550 million dirhams exposure of "Dubai Trade" on "NMC" and "Emirates Exchange"

Commercial Bank of Dubai today disclosed its exposure to "NMC" Healthcare Group and "Emirates Exchange", amounting to AED 550.3 million.

This is according to a message to the Dubai Financial Market, in which he explained that the exposure to the group is represented in fully guaranteed credit facilities amounting to 140.1 million dirhams.

He added, "As for UAE Exchange, the bank has exposure which is fully guaranteed credit facilities, with a total amount of 410.2 million dirhams.

With this disclosure, the exposures of local banks and companies will increase to 9.8 billion dirhams, equivalent to 40% of the total debts estimated at $ 6.6 billion, equivalent to 24.2 billion dirhams.