11.8 billion dirhams of national and private public sector facilities during January

Media In – Abu Dhabi, March 20, 2018

The value of financial facilities provided by national banks to the public and private sectors and the government reached 11.8 billion dirhams in January, according to statistics issued by the Central Bank of UAE, which showed a cumulative total balance of the balance of national bank financing to 1.295 trillion dirhams.
The increase in the value of the facilities provided to these sectors is in line with the growth witnessed since the beginning of this year, which reflects the final increase in the activity of the national economy.
The private sector was the most heavily subsidized by national banks at a total value of AED 5.44 billion, which raised the cumulative balance of facilities to AED 970.768 billion at the end of January compared to AED 965.329 billion December.
The share of the industry and business sector in financial facilities provided by national banks amounted to about 4.274 billion dirhams in January, which increased the cumulative balance to 645.309 billion dirhams compared to 641.035 billion dirhams in December.
Financial institutions received about AED 1.282 billion of financial transactions, while insurance facilities accounted for AED 7 million and other facilities went to other activities