UAE - Mubasher: The total value of loans granted by the UAE banks amounted to AED 1.769 trillion in June 2021, down 1.2% from AED 1.791 trillion in the same month of 2020.
The UAE banks have provided the public sector with AED 223.6 billion loans in June 2021, 2.5% higher than AED 218.1 billion in the year-ago period, according to the latest data by the Central Bank of the UAE (CBUAE).
Meanwhile, the loans granted to the private sector declined by 2.3% to AED 1.112 trillion in June 2021, compared to AED 1.139 trillion in June 2020.
The UAE banks have given AED 336.5 billion loans to individuals in June 2021, up 3.6% from AED 324.7 billion in June 2020.
It is noteworthy to mention that by the end of the second quarter (Q2) of 2021, the total assets of the banks operating in the UAE reached AED 3.21 trillion, up 0.6% year-on-year (YoY) from AED 3.19 trillion.
