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Thursday, 14 July 2016

UAE business credit growth slowed in Q2, says Central Bank | The National

UAE business credit growth slowed in Q2, says Central Bank | The National:

"UAE banks were less willing to extend loans to corporations and small businesses during the second quarter of the year compared with the first, according to the central bank’s quarterly credit sentiment ­survey.

Lenders were also hesitant about giving loans to individuals, but at the same time demand for loans eased across the board amid a slowdown in economic growth.

That trend is expected to continue after a recovery in the first quarter and comes despite a rebound in oil prices this year, the central bank said."



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