Lenders in UAE approved 7% more loans in 2013 | Lenders in UAE approved 7% more loans in 2013 -
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Lenders in UAE approved 7% more loans in 2013

: Thursday, January 30 - 2014 @ 09:05

The UAE central bank has said lenders operating in the country have approved 7% more loans to their customers in the first eleven months of the 2013, compared with the previous year, Khaleej Times has reported. During the January-November period, deposits grew 9.1%, as a result of a 12.3% increase in resident deposits. Total bank deposits fell 0.9% during the month of November 2013 to Dhs1.27trn, as a result of a decrease in resident deposits by 0.7%, and a decrease in non-resident deposits by 3.2%, while total bank loans and advances increased by 1.4%. Bank assets increased by 0.2% to Dhs1.991trn at the end of November 2013.

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Thursday, January 30- 2014 @ 9:05 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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