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Tuesday, 24 November 2009 18:28 UAE time

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UAE personal loans growth resumes

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Monday, 22 June 2009
PERSONAL LENDING: On the up in the UAE, according to central bank figures. (Getty Images)
PERSONAL LENDING: On the up in the UAE, according to central bank figures. (Getty Images)

Personal loans in the UAE grew for the first time since December, rising 2.9 percent to Dh207.6 billion ($56 billion) in May, according to the latest Central Bank monthly figures.

Loans growth slowed over the past year, to a low of -0.3 percent in February, as a result of a global credit shortage which forced local banks to reign in lending.

Total bank assets meanwhile climbed 1.2 percent to Dh1.49 trillion, the National reported. Total deposits also rose, increasing by 1.1 percent.

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  1. Why I h8 junk txts 07
    24 Nov ' 09 at 12:46
    Trick them!Posted by Manish, Dubai - WHAT AN EXCELLENT IDEA - WHY NOT GIVE SOMEONES NUMBER IN ONE OF THE TELECOM'S DUOPOLYSURE WHEN...   More  »
  2. Dubai's Oct property sales value rises by 50% - official 04
    24 Nov ' 09 at 17:08
    now hold onto your hats people as we see a massive bounce just like the US stock market.The good ole days are here again!!!!!   More  »
  3. 'Worrying' diabetes tests raise doubt on UAE's health 04
    24 Nov ' 09 at 13:42
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