UAE personal loans down 49% in nine months

Abu Dhabi – Mubasher: The UAE banks’ personal loans declined in the first nine month of 2016 by 49% year-on-year to AED 15.1 billion from AED 29.9 billion, according to the UAE’s Central Bank

Personal loans stood at AED 345.8 billion, higher 4.6% from AED 330.7 billion for the year-ago period.

Equity funds also fell to AED 13 billion during the same period, compared with AED 13.5 billion registered by the end of last December.

Mubasher Contribution Time: 31-Oct-2016 05:15 (GMT)
Mubasher Last Update Time: 31-Oct-2016 05:15 (GMT)