UAE total loans grow to USD95.27bn in Feb this year


(MENAFN) The total volume of personal loans in the UAE grew to USD95.27bn in Feb this year, which is an increase of 3 percent over January's total loans.

Moreover, the UAE banks continue to play a dynamic role in establishing a robust economic development process through the mobilization of financial resources.

Accordingly, the total banking reserves at the Central Bank increased to Dh257.7bn in the cited month from Dh247.7bn in Jan this year.

Additionally, the banking capital and reserves also grew from Dh350.7bn in Jan to Dh351.3bn in February this year.

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