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Article: Tight credit seen squeezing maritime industry
- Article from:
- Al Bawaba
- Article date:
- September 13, 2009
CopyrightCopyright 2009 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Name lending' a thing of the past says leading bank official
andMiddle East Money & Ships speaker
The credit environment in the Arabian Gulf for the maritime
industry is expected to remain tight for some time with "name
lending" a thing of the past, according to a leading regional bank
official.
"Liquidity has come back to some extent," said Oliver Ebner,
Senior Manager, Project and Structured Finance for the National Bank
of Abu Dhabi. "However, shipping with its long tenors, falls right
into the banks' funding mismatch of mainly short term deposits
versus long term loans."
Ebner is one of a panel of speakers lined up to address a special
session on financing the industry in the global ...