Abu Dhabi – Mubasher: The total value of loans taken out by companies in the industrial and the business sectors from the UAE-based banks surged to AED 18 billion in the first eleven months of 2017.
Until November 2017, both sectors had received around AED 745 billion in loans, according to Emirates News Agency (WAM).
The increase in loans obtained by the industrial and the business sectors reflects the growth of the UAE’s banking sector in 2017, market analysts commented.
Loans granted to the industrial and the business sectors grew AED 6 billion to AED 733 billion in the January-September period compared to AED 727 billion at the end of 2016, WAM concluded.
