Total bank credit in the UAE climbed by 43 per cent last year on the back of robust economic growth and rising personal borrowings, figures indicate. Data from the latest statistical bulletin of the UAE Central Bank show credit from UAE's 46 local and foreign banks amounted to Dh353.14 billion in 2005 compared to Dh246.95 billion in the previous year.
The UAE's banking industry, the second-biggest in the Gulf after Saudi Arabia, includes 21 local and 25 foreign banks.
