Dubai – Mubasher: Personal loans have not seen any change since the end of 2017, standing at AED 337 billion, according to an official statement released on Tuesday by the Central Bank of the UAE.
The stability of the figure of these loans stemmed from rigid credit requirements by banks operating in the UAE, the central bank said.
Meanwhile, the total value of bank credit rose to AED 1.594 trillion in February.
Deposits stood at AED 1.620 trillion by the end of last month including AED 1.432 trillion by UAE residents and AED 202 billion by the government.
Bank investments recorded AED 313 billion, while the central bank’s assets increased by AED 33.78 billion to AED 398.6 billion in February.
The central bank posted a 4.2% month-on-month growth in its total foreign assets to an equivalent of AED 339.81 billion during in the second month of 2018.
