Abu Dhabi – Mubasher: The UAE banks’ lending grew in June at its slowest annual rate since March 2014 due to a decline in government deposits, according to a statement.
Money Supply M1 rose by 0.5% to AED 504.4 billion by the end of May, compared to AED 507 billion by the end of June.
Money Supply M2 declined 0.6% from AED 1.2745 billion by the end of May, compared to AED 1.271 billion in the previous month.
Money Supply M3 fell 1.7% from AED 1.5 billion by the end of May to AED 1.46 billion a month earlier.
