Browse
related articles
UAE personal loans slow down
- United Arab Emirates: Sunday, September 06 - 2009 at 12:48
Personal loans extended by UAE banks sharply slowed down in the first seven months of 2009 as spending appetites appear to have been hit by the global financial turmoil resulting in poor public confidence. From around Dhs207.2bn at the end of 2008, personal loans edged up by only 0.7% to Dhs208.8bn at the end of July, the Central Bank said. The loans had dipped to Dhs203.8bn by the end of February and continued their decline to reach Dhs201.7bn in April, before rebounding to Dhs205.2bn in May. The slackening growth was in tandem with a general slowdown in total loans, which grew by only around 1.4% to Dhs1,007 trillion at the end of July from around Dhs993.7bn at the end of 2008. This compares with a growth of nearly 7.5% in 2H08. (Mac Capital Advisors)
Also consider reading:
Today's top stories
Week's top stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
- » Ford 2011 Mustang to have new engine
- » Dubai World: Official statement on debt obligations
- » Moody's: Dubai World restructuring unlikely to threaten sovereign credit of UAE and Abu Dhabi
- » Dubai World to restructure $26bn Nakheel, Limitless debt
- » More than $147bn committed to development of the Middle East's road, rail and public transport infrastructure
StaffSunday, September 06 - 2009 at 12:48 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
It looks like you are using a Mac - check out our 
Web Feeds