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FINANCIAL NEWS
UAE personal loans increase in July
25 Aug 2013
(MENAFN) Consumer lending in the UAE increased in July as card spending hiked, The National reported.
Residents’ personal loans increased for the sixth month in a row by USD1 billion recording the biggest monthly increase in three years, UAE Central Bank said.
Since the beginning of the year, personal loans increased by USD4.16 billion, the equivalent of the amount of consumer credit in the past two and a half years.
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