UAE banks’ credit, deposit growth dips in August | GulfNews.com:
"Monetary data form the Central Bank of UAE for August showed a monthly drop in system-wide credit and deposits in the banking sector. Gross credit fell by 1 per cent month on month in August, with domestic loans contracting by a greater 1.3 per cent. The main drivers behind this trend were the government related entities (GREs), and the private sector, whose credit offtake contracted by 1.8 per cent and 1.6 per cent respectively."
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