Abu Dhabi – Mubasher: The UAE’s National banks have provided AED 13.3 billion in loans to the industrial and business sectors during the first quarter of 2019, data by the Central Bank of UAE showed.
Total credit facilities offered to the two sectors rose to AED 699.1 billion at the end of March, compared to AED 685.8 billion in December 2018, the state-run Emirates News Agency (WAM) reported, citing the central bank.
The central bank highlighted that the financing accounted for 87% of the total loans obtained by the two sectors, reaching AED 805 billion at the end of March, according to the central bank.
In January, national banks provided AED 4.6 billion in loans to the two sectors, adding AED 690.4 billion to total finance, versus AED 685.8 billion in December 2018.
In February, the total credit fell to AED 688.6 billion before rising in March to AED 699.1 billion.
