UAE bank lend­ing growth edges up in Oc­to­ber

Kuwait Times - - BUSINESS -

An­nual bank lend­ing growth in the United Arab Emi­rates edged up to 6.0 per­cent in Oc­to­ber from 5.9 per­cent in Septem­ber, cen­tral bank data showed. Bank de­posits dropped 0.4 per­cent from the pre­vi­ous month to 1.503 tril­lion dirhams in Oc­to­ber be­cause of a 5.3 per­cent fall in govern­ment de­posits. Non-res­i­dent de­posits edged up 0.3 per­cent. Per­cent­age changes are Reuters cal­cu­la­tions based on of­fi­cial data.

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