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UAE Central Bank: Loans remain within reasonable boundaries

Published June 15th, 2006 - 03:22 GMT
Al Bawaba
Al Bawaba

The UAE Central Bank announced bank loans remain within reasonable boundaries and their respective growth rate for 1Q 06 reflects strong economic activity. According to Gulf News, bank loans reached AED 397.8 bn in April and total deposits were AED 425.3 bn, indicating a loansdeposits ratio of 93%. The Central Bank stated its intention to amend personal consumer loans regulations without divulging additional information.