Abu Dhabi – Mubasher: Loans secured by banks operating in the UAE grew 5% year-on-year by the end of February, according to recent data released by the Central Bank of the UAE (CBUAE).
Total loans registered AED 1.671 trillion in February, compared to AED 1.596 trillion in the same month a year earlier.
Total bank financing provided to the GCC nation’s private sector rose 4% year-on-year to AED 1.132 trillion in the second month of 2019.
Meanwhile, loans obtained by the public sector increased by 9% year-on-year to AED 196.8 billion last month.
