Abu Dhabi - Mubasher: Loans by Emirati banks to both public and private sectors grew 2% in January, as shown by a report by the UAE Federal Competitiveness and Statistics Authority.
The total value of loans increased to AED 14.39 trillion by the end of the first month of 2018, compared to AED 14.13 trillion for the same period last year.
Loans provided to the private sector reached a total of AED 10.89 trillion, growing by 3%, while finances to the government and the public sector totalled AED 350.2 billion during the same period, decreased by 2.3% year-on-year, according to the Central Bank of the United Arab Emirates
