Nov 27 (Reuters) - Worries about exposure to debt problems in Dubai have rattled bank share prices since Wednesday after Dubai, part of the United Arab Emirates federation, asked to delay payment on debts of two flagship firms. [ID:nGEE5AQ13P]
Most banks have declined to comment on their exposure.
Europe's biggest bank, HSBC Holdings, said at the time of its first-half results in August its loan exposure to UAE was $15.9 billion at the end of June, down from $17.5 billion at the end of 2008.
The following is the loan exposure of the top 10 foreign banks to the UAE at the end of 2008 (source: Emirates Banks Association):
Bank Loans to UAE In dollars
(blns of UAE dirhams) (current FX, blns) HSBC 62.56 $17.03 Standard Chartered28.54 $7.77 Barclays 13.14 $3.58 ABN AMRO* 8.23 $2.24 Arab Bank 7.66 $2.09 Citigroup 7.06 $1.92 Bank of Baroda 6.54 $1.78 Bank Saderat Iran 6.38 $1.74 BNP Paribas 6.20 $1.69 Lloyds 5.77 $1.57
*ABN AMRO was bought by a trio of banks in 2007. Its investment bank unit was bought by Royal Bank of Scotland.
(Editing by Toby Chopra)
($1=3.673 Uae Dirham)
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