14 Oct 2010
(MENAFN) The Governor of the UAE Central Bank said that the government is planning to unveil new banking regulations to contain credit growth and streamline the mortgage sector, Khaleej Times reported.
The governor described a projected economic growth of three to four percent for the UAE in 2010 as ”reasonable”, and said one of the goals of the Central Bank was to maintain credit growth at a reasonable rate.
UAE banks’ credit portfolio grew at the rates of 37.7 percent in 2005, 36.1 percent in 2006, 34.3 percent in 2007 and during the crisis year at 41.1 percent. When the crisis hit, banks stopped extending credit to customers.
The UAE Ministry of Economy has forecast a gross domestic product, or GDP, growth of 2.0 to 3.2 percent in 2010 based on oil price projections of $75 to $85 a barrel.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
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