33.5 billion dirhams financed by national banks for trade and industry within 12 months

Abu Dhabi on September 8

The volume of credit finance granted by national banks to the trade and industry sectors in the country increased by 33.5 billion dirhams in 12 months, according to the statistics of the Central Bank of the Emirates.

Statistics showed that the cumulative balance of credit provided by national banks to the trade and industry sectors amounted to 718.1 billion dirhams at the end of last June, compared to about 684.6 billion dirhams in June 2021, an increase of 4.9%.

According to the statistics, the cumulative balance of credit provided by national banks to the trade and industry sectors during the first half of this year increased by 34.5 billion dirhams, or 5.1%, compared to about 683.6 billion dirhams in December 2021.