Banks remained reluctant to increase lending significantly in April as loan growth trailed a rise in deposits.
Central Bank data released yesterday showed deposits reached Dh1.12 trillion (US$305 billion), a rise of 2.1 per cent from March, but loans and advances edged up only 0.6 per cent, to Dh1.05tn over the same period.
The latest evidence of slow credit growth comes a week after Sultan al Suwaidi, the Central Bank Governor, asked banks to step up lending to businesses to reflect improving liquidity.
No comments:
Post a Comment