Sunday 18, November 2012 by Robin Amlôt

UAE domestic credit jumps in September

UAE domestic credit rose by almost AED 13 billion, showing its largest monthly rise since 2008. Total bank loans and advances (net of provisions and interest in suspense) increased by 1.2 per cent to reach AED 1,103.2 billion, and total bank assets increased by 1.7 per cent to reach AED 1,763.9 billion, at the end of September 2012.

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