National banks in UAE provided $189.83bln in credit facilities to business, industrial sector in first four months of 2022

ABU DHABI – Credit facilities provided by national banks to the business and industrial sector rose 1.92 percent (AED13.1 billion) in the first four months of 2022 to AED 696.7 billion from AED683.6 billion in the corresponding period in 2021, according to figures revealed by the Central Bank of the United Arab Emirates (CBUAE).

According to the apex bank’s figures, the cumulative balance of credit provided by national banks to the sector on a…