Real estate boom boosts bank lending

by ArabianBusiness.com staff writer Saturday, 09 June 2007

A booming real estate sector and a surge in personal mortgages has boosted bank lending in Bahrain in the last year, according to the latest monthly data issued by the Central Bank of Bahrain (CBB).

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Total lending to the non-bank sector reached US $8.4 billion (BD3.2 billion) at the end of March, a 17% increase on the previous year and a 6% increase since the beginning of this year.



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