Fifth of UAE banks' assets in property - The National

Nearly four years after the UAE housing boom first began to deflate, banks still hold about a fifth of their total assets in the property market.

Total bank exposure to the property market stood at Dh232 billion (US$63.16bn), the Central Bank said in a report released yesterday.

The net amount represents 21.5 per cent of banks' deposit base and 21.3 per cent of their total net loans and advances.

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