Down bank lending to local companies during the first five months of this year increased by more than 2%, equivalent to 9.3 billion dirhams, up to 407 billion dirhams end of May / May, compared to more than 3.416 billion dirhams end of December / December 2011 , according to statistics issued by the Central Bank.
And distributed the decline in business and finance projects during the period in question, between six economic areas, the agriculture sector, which fell funded $ 1 .0 billion dirhams, mining worth 7 .2 billion, power 2 1 billion, contracting 9 .2 billion, Commerce 8 .3 billion dirhams, and finally funding 2 .2 billion dirhams.
In exchange fell lending banks in the five areas earlier, saw industry experienced modest growth in finances, and grew facilities transport sector worth 7.1 billion dirhams, in addition to the growth of loans to the government more than $ 9 billion to AED 4.111 billion, and the growth of personal loans including more than 4 billion, according to the newspaper "Gulf," the UAE.
The banking sources that the decline in bank financing for local companies does not necessarily mean retreat sector projects and works, or in other words does not necessarily mean the downturn, which is experiencing a market fierce competition between domestic and foreign companies, which enjoys a sheet good financial or financed by foreign banks.
And distributed the decline in business and finance projects during the period in question, between six economic areas, the agriculture sector, which fell funded $ 1 .0 billion dirhams, mining worth 7 .2 billion, power 2 1 billion, contracting 9 .2 billion, Commerce 8 .3 billion dirhams, and finally funding 2 .2 billion dirhams.
In exchange fell lending banks in the five areas earlier, saw industry experienced modest growth in finances, and grew facilities transport sector worth 7.1 billion dirhams, in addition to the growth of loans to the government more than $ 9 billion to AED 4.111 billion, and the growth of personal loans including more than 4 billion, according to the newspaper "Gulf," the UAE.
The banking sources that the decline in bank financing for local companies does not necessarily mean retreat sector projects and works, or in other words does not necessarily mean the downturn, which is experiencing a market fierce competition between domestic and foreign companies, which enjoys a sheet good financial or financed by foreign banks.
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