13 Feb 2017
(MENAFN) The UAE credit growth eased to 6 percent last year, from 7.8 percent in 2015 and will remain in single digits this year, as stated the Institute of Intl’ Finance (IIF).
Accordingly, the slowdown lending reflects the economic slowdown and developments in Abu Dhabi where large borrowers have been deleveraging notably.
Moreover, the Abu Dhabi government has been financing its budget deficit by tapping its SWF and issuing external debt.
Meanwhile, the UAE’s banking sector has been resilient to the oil price cash, while it is predicted some worsening in asset quality due to the slowdown in activity.
MENAFN1302201700450000ID1095245192
MENAFN1302201700450000ID1095245192
30 Oct 2025
BBK discloses its financial results for the period ended 30th September 2025
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
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