The rise in the demand for commercial loans during the second quarter of 2019, according to the Central Bank survey

01-05-2019 Media in\ Abu Dhabi
The results of the Credit Trust Survey conducted by the Central Bank of the UAE showed that demand for commercial loans increased during the first quarter of 2019, supported by the improvement in this type of credit, especially in the Emirate of Dubai.
Participants in the quarterly survey expected the central bank to continue to improve the appetite for demand for commercial loans amid the recovery of demand for personal loans during the second quarter of this year in Dubai.
The results of the survey indicate that the most important factors affecting the determination of credit standards are the economic outlook and the situation in sectors or companies, and the improvement in sales in addition to the quality of the portfolio of banks assets.
In terms of terms and conditions, about 70% of survey participants reported no change in credit terms but overall the situation improved. Improvement is expected in the next phase.
In terms of demand for personal loans, the first quarter of this year witnessed a recovery in Dubai and a decline in Abu Dhabi. The survey participants stressed that there was no change in credit standards for this type of loan.
The Credit Trust Survey is a quarterly survey in which the Central Bank seeks to identify information affecting the credit market by surveying the views of all banks and financial institutions that provide credit within the UAE.
This survey was launched in the first quarter of 2014