Bank lending in the UAE exceeded deposits for the third month running last month as an influx of capital at the start of the year continues to evaporate.
Loans increased by 0.1 per cent to reach Dh1.074 trillion (US$292.39 billion), according to data released by the Central Bank yesterday.
Deposits declined by 0.8 per cent to reach Dh1.053tn. As a result, loans exceeded deposits by Dh20.7bn, the data showed.
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