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UAE lending conditions getting better, says central bank
- United Arab Emirates: Monday, September 28 - 2009 at 16:02
UAE central bank governor Sultan Nasser al-Suweidi said today that lending conditions in the UAE are improving but economic conditions remain fragile, Reuters has reported. 'The gap between loans and deposits is narrowing because liquidity is steadily improving but I think the economic situation in the UAE and other countries is fragile,' al-Suweidi said on the sidelines of a meeting of Arab central bank governors. Interbank rates in the UAE had lowered since the central bank last month rejigged the panel of providers for the Emirates interbank offered rate in the hope it would lower rates, he added.
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StaffMonday, September 28 - 2009 at 16:02 UAE local time (GMT+4)
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