Michael Tomalin, CEO of National Bank of Abu Dhabi, has said the bank may book more provisions in the first quarter of this year, Reuters has reported. 'We can afford to take additional provisions if we need to. We need to get to the end of the quarter to decide,' he was quoted as saying. The bank's impairments in the fourth quarter of 2009 stood at Dhs623m of which Dhs316m were collective provisions, the news service reported.
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