UAE - Mubasher: The loans granted by the UAE banks rose by 1% to AED 1.779 trillion by the end of December 2020, compared to around AED 1.758 trillion in the year-ago period.

The UAE banks have decreased their loans provided to the private sector by 2% to AED 1.1 trillion by the end of December 2020 from AED 1.134 trillion in the same period of 2019, according to the latest statistics by the Central Bank of the UAE (CBUAE).

Meanwhile, the public sector has received AED 251.9 billion loans from the UAE banks by the end of December 2020, down 2% in the corresponding period of 2019.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.