Abu Dhabi-Mubasher: The UAE banks’ loans to government and private sectors grew 1.6% to AED 1.4 trillion in the first quarter of 2016, compared to AED 1.38 trillion in the same quarter of 2015.
Private sector received AED 1.055 billion worth of loans in Q1-16, 1.12% up from Q1-15, representing 75.1% of the total facilities, according to a report released by the UAE Central Bank.
The UAE banks increased facilities provided to the government sector by 1.26% to reach AED 168.7 billion in Q1-16.
Loans to non-banking financial institutions reached AED 4 billion in Q1-16.
