UAE personal loans up 11%
United Arab Emirates: Sunday, June 29 - 2008 at 09:27
According to a report from the UAE Central Bank, personal loans rose 11% in three months, reaching Dhs48.4bn during the first quarter of 2008 and up from Dhs43.5bn at the end of 2007, Gulf News has reported. The report recommends the lowering of personal loan ceilings, as some banks have been noted as giving loans worth up to 50 times salary amounts.
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Medilyn Manibo, Assistant News EditorSunday, June 29 - 2008 at 09:27 UAE local time (GMT+4)
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