Lending slowed in May, with UAE credit growth lagging Qatar and Saudi Arabia, new data show.
Loans and advances fell by 0.5 per cent to Dh1.049 trillion (US$287 billion), down from Dh1.054tn the month before, according to the data.
Credit growth has continued to be sluggish this year as many lenders remain preoccupied with provisioning to safeguard against non-performing loans.
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