UAE Central Bank survey shows business loan demand rising gradually

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Demand for business loans in the UAE rose moderately in the April-June quarter while demand for personal loans rebounded slightly after dropping in the previous quarter, a central bank survey showed on Sunday.

The net balance measure for business lending - the weighted percentage of respondents reporting an increase in demand for loans minus those reporting a fall - rose to plus 11.8 in April-June from plus 4.6 in the previous quarter.

For the current quarter, respondents expect a further rise to plus 16.3, while they also think credit standards will tighten further, the central bank added.

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