ID :
64215
Thu, 06/04/2009 - 13:58
Auther :
Shortlink :
https://oananews.org//node/64215
The shortlink copeid
UAE personal loans decline 11% in April
Personal loans extended by UAE banks fell 10.9 per cent in April compared to the end of last year, while the gap between loans and deposits narrowed over the same period, Central Dank data showed.
Outstanding personal loans at UAE banks stood at Dh201.7 billion at the end of April, compared to Dh226.4bn on December 31, the Central Bank said in a statement on its website according to a report in Emirates Business 24|7.
Loans and advances of Dh997.7bn on April 30 was up 0.2 per cent from the month earlier, the data showed. Total loans in February had fallen month-on-month as banks become more cautious about new lending during an economic downturn in the country.
Deposits at UAE banks rose 4.2 per cent in April from December to Dh961.6bn, the data showed. The gap between loans and deposits was Dh36.1bn – down from Dh71.2bn at the end of December, the data showed.
The UAE M1 measure of money supply fell 2 per cent in April from the month before, the central bank reported on its Web site yesterday. The M3 money supply gained 1.9 per cent over the same period, the bank said. –
Outstanding personal loans at UAE banks stood at Dh201.7 billion at the end of April, compared to Dh226.4bn on December 31, the Central Bank said in a statement on its website according to a report in Emirates Business 24|7.
Loans and advances of Dh997.7bn on April 30 was up 0.2 per cent from the month earlier, the data showed. Total loans in February had fallen month-on-month as banks become more cautious about new lending during an economic downturn in the country.
Deposits at UAE banks rose 4.2 per cent in April from December to Dh961.6bn, the data showed. The gap between loans and deposits was Dh36.1bn – down from Dh71.2bn at the end of December, the data showed.
The UAE M1 measure of money supply fell 2 per cent in April from the month before, the central bank reported on its Web site yesterday. The M3 money supply gained 1.9 per cent over the same period, the bank said. –