Banks in Abu Dhabi and Dubai Increase Loans in Early 2024

Banks in Abu Dhabi and Dubai have increased their domestic credit in the first four months of 2024. Abu Dhabi banks saw a 5% rise, adding AED 45.8 billion to reach AED 961.9 billion. Dubai banks experienced a 2.8% increase, adding AED 25.2 billion to reach AED 929.8 billion. Overall, domestic credit in Abu Dhabi and Dubai rose by 4.6% and 1.9% respectively, reaching AED 801.4 billion and AED 822.6 billion.