Noor Islamic Bank to Attain Capital Adequacy Ratio in Excess of 20%
Noor Islamic Bank PJSC today announced it continues to operate from a position of strength and is well capitalized to fund its future growth and expansion plans. The bank also announced its shareholders and board of directors had approved the proposed conversion of the 2008 UAE Government - Ministry of Finance deposits into Tier-2 Capital to further strengthen the bank’s balance sheet.
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