Monday 22, October 2018 by Kudakwashe

UAE business loan demand up in Q3, personal loans fall

 

The net balance measure for business lending, increased to plus 14.0 in Q3 from plus 11.8 in Q2.

The Central Bank of the UAE (CBUAE) has announced that the demand for business loans increased in Q3 amid a decline in the demand for personal loans, reported Reuters.

In the current quarter, companies expect a further rise to plus 22.4, with demand anticipated to increase in all emirates.

Demand for personal loans fell back into negative territory in Q3 posting a net balance measure of minus 9.6 and the decline was most evident in Abu Dhabi.

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