UAE, 5 September, 2024 : The Central Bank of the UAE (CBUAE) reported growing demand for bank credit, driven by economic stability and strong investments despite rising interest rates.
According to the CBUAE’s Q2 2024 Credit Sentiment Survey, a positive economic outlook and improving asset quality are encouraging financial institutions to increase lending. The construction sector saw the highest growth in credit demand, followed by manufacturing, real estate development, and trade.
The report highlighted strong lending demand across all emirates and sectors, with expectations of continued growth in the coming months, particularly in construction, real estate, and manufacturing.
Source : www.wam.ae
Related Posts
UAE, 4 April, 2025 : The UAE’s non-oil sector saw a mild slowdown in March as demand growth s...
Read More
UAE, 4 April, 2025 : The Fujairah Chamber of Commerce and Industry (FCCI) reported that the val...
Read More
UAE, 4 April, 2025 : The Central Bank of the UAE (CBUAE) has revoked the licence of Dynamics In...
Read More