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FINANCIAL NEWS
UAE loans to boost by 10 percent in 2014
08 Jan 2014
(MENAFN) UAE is expected to see over 10 percent growth in loans this year as bank deposits cause borrowing costs to drop, according to Khaleej Times.
Standard & Poor’s reported that lending is expected to increase 10 percent compared to 9.6 percent in 2013.
Central Bank said that Customer deposits at the UAE’s 51 banks increased 11 percent in one year through September, the highest level since 2008.
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