Standard Chartered could be the most impacted of all the big banks from Dubai’s financial problems, as it has the highest proportion of loans as a percentage of its total loan book to the region, according to BNP Paribas analysts.

The analysts wrote in a report this morning that at the end of last year Standard Chartered had loans worth AED28.54bn ($7.77bn) to institutions in the UAE, which includes Dubai and five other emirates.