Banks in Abu Dhabi pump AED45.8 billion in financial facilities

Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by AED 45.8 billion (5 percent), from AED 915.9 billion at the end of last year to AED 961.9 billion, according to UAE banking indicators released by the Central Bank of the UAE (CBUAE).

Credit facilities provided by banks operating in Dubai increased by AED 25.2 billion (2.8 percent) from AED 904.6 billion at the end of last year to AED 929.8 billion at the end of April.

Domestic credit provided by banks operating in Abu Dhabi and Dubai rose in the first four months of the year by AED801.4 billion (4.6 percent) and AED822.6 billion (1.9 percent), respectively.