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Thursday, 20 October 2016

UAE credit appetite in downtrend -central bank survey | Reuters

UAE credit appetite in downtrend -central bank survey | Reuters:

"A quarterly survey by the United Arab Emirates central bank showed a downtrend in overall credit appetite for both business and personal loans, the central bank said on Thursday.

The net balance measure for business lending - the weighted percentage of respondents reporting an increase in demand for loans minus those reporting a fall in demand - fell to minus 2.3 for the September quarter from plus 3.1 in the previous quarter.

For the December quarter, however, respondents expect the net balance measure to rebound to plus 7.9, indicating demand for business loans is projected to increase."



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