UAE credit demand up

24 Jul, 2017

Demand for business credit and personal loans in the United Arab Emirates increased slightly in the April-June quarter and is expected to continue rising slowly in the current quarter, a central bank survey showed on Sunday. The net balance measure for business lending - the weighted percentage of respondents reporting an increase in demand for loans minus those reporting a fall in demand - was plus 7.5 in the latest quarter compared to plus 7.6 in the previous quarter.

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