Mashreqbank, Dubai's largest lender by market value, approved the increase of the limit of its euro medium term note (EMTN) programme to $5 billion from $2 billion, a statement on the bourse website said on Monday.

The decision is subject to approval of authorities.

The lender reported a net loss of $33 million for the fourth quarter as it raised provisions for asset impairments, after a tough 2009. – Reuters