Government, public sector deposits falling; borrowings on the rise | GulfNews.com:
"Deposits across banks in the UAE have been declining while borrowings are on the rise, reflecting a slowdown in economic growth, an economist has said.
According to the latest data compiled by the National Bank of Abu Dhabi (NBAD), outstanding loans in UAE, which include all the funds borrowed by private individuals, reached $370 billion in July 2015, recording a 10 per cent rise year-on-year.
The amount of government deposits dropped by 6.2 per cent year-on-year, while some banks are seeing customer deposits falling by 3 per cent. However, a key measure of banks’ liquidity which is otherwise known as loan-to-deposit (LTD) ratio, is growing, reaching 95 per cent in July this year, compared to 87 per cent in June 2014."
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