Consumer Lending in the United Arab Emirates - New Study Released
As a result of a decline in consumer lending in terms of the value of the outstanding balance and gross lending in 2009, growth rates in subsequent years continued to be constrained. Due to banks remaining reluctant to lend, this led in turn to a sharp increase in non-performing loans. Many consumers sought to deleverage, shifting their focus from spending to saving, and were keen to avoid taking on any debt. However, from 2011, seeking to bring back the growth...
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