UAE banks lending at their fastest rate in two years - The National:
"The financial sector issued the most new loans in June since 2011, as a rebounding domestic economy encourages cash-rich lenders to extend credit to businesses and consumers.
Banks have now extended Dh48.3 billion in new loans during the past six months, outstripping the total lent in the 18 months before that.
Net loans and advances increased Dh16.3bn to Dh1.14 trillion during June alone, reflecting the highest rate of credit growth since September 2011, according to data from the Central Bank."
'via Blog this'
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