Abu Dhabi – Mubasher: Loans secured by banks operating in the UAE levelled up 4%, or AED 62.4 billion, by the end of October, according to data released by the Central Bank of the UAE (CBUAE).
Loans amounted to AED 1.64 trillion in October, compared to 1.58 trillion in the same month a year earlier.
Total credit facilities provided to the private sector rose 5% to AED 1.13 trillion in the previous month, from AED 1.06 billion in October 2017.
Last month, the UAE bank lending to the government sector increased by 9% year-on-year to AED 188.4 billion.
