01 Feb 2017
(MENAFN) Personal debts earned by residents in the UAE began to slow down amid tight lending conditions.
Meanwhile, the average person in the country now owes Dh42.571 in debts, like credit card balances, car loans and other forms of personal borrowings.
Moreover, UAE residents’ total personal loans reached Dh434.23bn in the same period, up from Dh430bn in the second quarter.
On the other hand, personal loans for consumption amounted to Dh138.95bn, whereas borrowings for business reasons reached Dh295.28bn.
MENAFN0102201700450000ID1095229277
MENAFN0102201700450000ID1095229277
30 Oct 2025
BBK discloses its financial results for the period ended 30th September 2025
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more