UAE - Mubasher: The loans granted by the UAE banks decreased by 0.8% to AED 1.754 trillion in March 2021, compared to AED 1.768 trillion in the same month of 2020.
The UAE banks' loans to the private sector reached AED 1.105 trillion in March 2021, down 3.8% year-on-year (YoY) from AED 1.148 trillion, according to the latest statistics by the Central Bank of the UAE (CBUAE).
Meanwhile, the UAE banks have provided the public sector AED 215.2 billion loans in March, 7% higher than AED 201.1 billion in the year-ago period.
The UAE banks' loans to the government went up 10.2% YoY to AED 252.5 billion in March, compared to AED 229.1 billion.
