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FINANCIAL NEWS
Bank lending in UAE will grow faster
16 Nov 2013
(MENAFN) The International Monetary Fund (IMF) expects that UAE bank lending to the private sector to grow three times faster in 2014 than it did in 2012, The Peninsula reported..
Growth will be at 8.4 percent next year , up from 2.3 percent in 2012, with this year’s expansion estimated at 6 percent.
However, the growth rate in the UAE will be among the lowest in the GCC, where growth average is estimated to be at 11 per cent in 2014.
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