UAE business loan demand rising gradually - central bank
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UAE business loan demand rising gradually – central bank

UAE business loan demand rising gradually – central bank

Demand for personal loans also rebounded slightly

Gulf Business

Demand for business loans in the United Arab Emirates rose moderately in the April-June quarter while demand for personal loans rebounded slightly after dropping in the previous quarter, a central bank survey showed on Sunday.

The net balance measure for business lending – the weighted percentage of respondents reporting an increase in demand for loans minus those reporting a fall – rose to plus 11.8 in April-June from plus 4.6 in the previous quarter.

For the current quarter, respondents expect a further rise to plus 16.3, while they also think credit standards will tighten further, the central bank added.


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