UAE gross credit increases 7.3 percent

30 Nov 2015

(MENAFN) The UAE gross credit increased 7.3 percent in the July-September quarter, and 7 percent on year-on year basis.

Accordingly, reasons that helped UAE gross credit growth were, retail (10 percent), government (8.7 percent) and corporate (5.6 percent).

Additionally, corporate deposits increased 6.8 percent despite a 12.1 percent fall in government deposits this current year.

Moreover; the amount of non-resident deposits out of the whole deposits remains constant at 11 percent, higher than the amount of 10.8 percent at the end of 2014.

More News

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