UAE Central Bank: Sector Loan Growth of AED 1.22 Trillion

  • Abu Dhabi, United Arab Emirates
  • 14 September 2023
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The UAE Central Bank revealed that loans granted grew by 4 percent to 1.94 trillion dirhams in July 2023.

Loans to the private sector rose 5 percent year-on-year to 1.22 trillion dirhams in July this year, the report showed. Loans to the public sector increased by 7 percent to AED 268 billion.

Loans to individuals increased by 10 percent year-on-year to around AED 397 billion in the same period. Loans to the commercial and industrial sectors increased by about 3 percent to AED 826 billion.

Source (CNBC Arabic Website, Edited)

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