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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.

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