Loans granted by UAE banks rise 5.8% in May

Loans provided by UAE banks and banks increased by 5.8% in the month of May compared to the same period in 2019.

According to the report of the UAE Central Bank, loans in last May amounted to 1778.3 billion dirhams, compared to 1681.4 billion dirhams in May 2019, an increase of approximately 97 billion dirhams.

The loans provided by UAE banks and banks to the private sector rose by a slight percentage of 0.1% last May, to reach 1139.8 billion dirhams, compared to 1139 billion dirhams in May of the year. 2019.

The loans granted to the government reached 238.3 billion dirhams at the end of May of this year, up 16% compared to 204.8 billion dirhams in the same period last year.