Abu Dhabi – Mubasher: The Central Bank of the UAE (CBUAE) revealed that it has provided credit facilities worth AED 318 billion to the real estate and construction sectors during the first nine months of 2018.
The central bank’s lending to the real estate and construction sectors increased by AED 9 billion during the nine-month period ended September.
The credit facilities secured by the two sectors represented 19.5% of the total portfolio of banks operating in the GCC nation.
Moreover, deposits of clients of both sectors rose to AED 305 billion by the end of September.
