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Banks in UAE provide 4% higher loans in November

Banks in UAE provide 4% higher loans in November
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Abu Dhabi – Mubasher: Loans provided from Emirati banks grew by 4% on an annual basis in November 2020 to AED 1795.3 billion, as shown by data from the Central Bank of the UAE (CBUAE).

On the contrary, loans provided by the UAE banks to the private sector declined by 2% in November 2020, reaching AED 1118 billion, compared with AED 1141.2 billion in the same month a year earlier.

In the meantime, loans granted to the government amounted to AED 254.8 billion by the end of last November, a yearly increase of 14%.