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UAE: Personal loans rise by 0.7pc in July 2009
UAE banks recorded a 0.7 percent rise to AED208.8 billion in personal loans
September 6, 2009 12:01 by kippreport
UAE banks recorded a 0.7 percent rise to AED208.8 billion in personal loans in July 2009, compared to the same period in 2008, reports Emirates Business.
The banks also noted a significant drop in loans throughout 2009 due to changes in consumer spending. Loans fell to AED203.8 billion by the end of February, and AED202.7 billion in March and AED201.7 billion in April.