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, 04 October, 2024 : The United Arab Emirates represents approximately 47.3% of Arab exchang...
Read MoreUAE, 04 October, 2024 : The Ajman Municipality and Planning Department (MPDA) has signed a Memo...
Read MoreUAE, 03 October, 2024 : H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ru...
Read More