Record surge in UAE consumer loans - The National:
"Consumer lending increased in June by the most on record, as shopping malls filled with customers and card spending accelerated.
Personal loans to residents increased by Dh3.8 billion in June, the sixth consecutive month of increases, according to data from the Central Bank. It was the biggest monthly increase in the three years of Central Bank records.
Total personal lending has increased by Dh15.3bn so far this year. That is equivalent to the total amount of new consumer credit extended over the preceding two-and-a-half years. In all, Dh276.2bn in consumer loans were outstanding at the end of June."
'via Blog this'
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