UAE - Mubasher: The loans granted by the UAE banks went down 0.7% to AED 1.763 trillion in April 2021, compared to AED 1.776 trillion in the same month of 2020.
The UAE banks granted the private sector AED 1.110 trillion loans in April 2021, down 2.6% from AED 1.140 trillion in April 2020, according to the data released by the Central Bank of the UAE (CBUAE).
Meanwhile, the loans provided to the public sector inched up by 0.2% to AED 218 billion in April 2021 from AED 217.5 billion in the corresponding month of the earlier month.
The UAE banks' loans to the government jumped by 9.1% to AED 252.3 billion in April 2021 from AED 231.2 billion in the year-ago period.
