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FINANCIAL NEWS
UAE personal loans climb to 7.5pct
19 Aug 2016
(MENAFN) Unpaid credit card balances, car loans and other forms of personal borrowings will increase in the UAE, with total debt levels growing by 7.5pct in 2015.
Furthermore, the average resident in the nation recently carries a debt burden worth Dh42.600b, as the whole amount of personal loans reached Dh430bn.
Meanwhile, employment chances are still limited and reports of job reductions are not completely settled.
The high cost of hosuing and rising education and utility bills remain their biggest concerns.
More News
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
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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