FINANCIAL NEWS

GCC personal loans rose 2.7 pct in Q1

30 Sep 2013

(MENAFN) Personal loans in the GCC are valued at more than USD355.3 billion in the first three months of the current year, according to Arab News.

Volume of personal loans hit a 2.7 percent rise compared to the same period last year.

The highest percentage of personal loans was ranked by UAE citizens reaching USD141.4 billion by the end of March, while Saudis ranked the second, reaching USD83.9 billion.

Personal-loans growth boosted 4.9 percent in the first three months in Saudi Arabia compared to the last three months of 2012.

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