UK banks top Dubai creditors list

British banks make up the biggest group of foreign creditors for debt-swamped Dubai World and Royal Bank of Scotland is the most exposed, it was reported today.

UK banks top Dubai creditors list
Thu, 03 Dec, 2009 - 10:15

British banks make up the biggest group of foreign creditors for debt-swamped Dubai World and Royal Bank of Scotland is the most exposed, it was reported today.

RBS is said to have between $1-2bn (€661,430 to €1.32bn) of outstanding lending to the emirate's beleaguered investment firm, according to the Financial Times.

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